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The Works Shuts Down Online Shop in 'Major Shift'
The Works will keep a non-transactional website and focus on expanding 500 high street stores after online sales losses and operational challenges, with store sales up 3.3%.
Summary by Devon Live
7 Articles
7 Articles
The Works pulls the plug on online sales to focus on stores, upgrades guidance
The Works shares surged on Friday after it announced it had shut down its online shop with immediate effect, declaring the loss-making channel “no longer sustainable” after years of problems with third-party fulfilment partners. Shares were 19% higher at the time of writing. The value retailer, which sells books, arts and crafts supplies, stationery and […] The post The Works pulls the plug on online sales to focus on stores, upgrades guidance a…
Coverage Details
Total News Sources7
Leaning Left0Leaning Right2Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
C 60%
R 40%
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