A BARGAIN retailer with 506 branches across the UK has shut a string of stores with two more planned as part of a change of strategy. The Works' new strategy, unveiled alongside its latest company results this morning, focuses on streamlining its property portfolio to ensure it's in the best locations possible.
![[T1H321 A branch of The Works discount store in Sheringham, Norfolk.]](https://www.thesun.co.uk/wp-content/uploads/2025/01/T1H321-CXXPjpg-JS488623803.jpg?strip=all&w=960)
Three of the closures have already been quietly executed, with branches in Iver, Elgin, and Heighley Gate shutting down. And two more stores are set to close before the end of April, but the retailer is keeping tight-lipped about the locations for now.
However, it's not all doom and gloom. As part of the new strategy, the bargain chain is also planning to open several new stores, while other branches will be relocated to better spots or simply renovated. Since May 2024, The Works has opened three new stores, with another set to launch in Cirencester next month.
The report revealed that the retailer is aiming to open five stores in the next financial year, with 60 new locations planned over the next five years. The changes come as the Works looks to strengthen its position on the high street amid challenging conditions for retailers.
Many retailers have seen a drop in footfall since the pandemic which, coupled with rising bills, has impacted their revenues. The Works, known for its arts, crafts, toys, books, and stationery, has been reviewing its 506-store portfolio to ensure it is in the most strategic locations.
