NEWS

The Works takes steps to expand store estate in South East

Published on: 23rd July 2020

The Works has teamed up with property consultants GCW to open more stores across the South East of England.

The Works

Value craft, toy and stationery retailer, The Works, has appointed property consultancy GCW as it seeks to expand its store estate across the UK. The retailer hopes GCW will help it find stores to launch across the South East of England.

The Works currently has 530 stores trading across the UK, and is considering opportunities in towns across the South East for new outlets and re-locations, as part of the ongoing management of its UK wide store portfolio.

It plans to launch stores in prime locations or shopping centres, with store sizes ranging between 1500sq ft to 2000sq ft, with 500sq ft of ancillary space.

The Works property director, Jeremy Smith, commented: “I look forward to working with GCW in these exciting times for our business. We have had great success opening stores in this part of the country and I am keen to further optimise our store locations in this key region as part of the ongoing management of our whole portfolio.”

GCW said it is already engaged in talks with a number of landlords.

In May, during the coronavirus lockdown, The Works saw its online sales more than triple whilst its stores remain closed as per government guidelines at the time. The retailer said its like-for-like sales in stores and online increased by 81% in the week to 22nd March. Revenue rose by 3.5% year-on-year for the 12 months to 26th April.

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