Bargain shop chain with 506 branches closes string of stores with two more to come as part of strategy update

Bargain shop chain with 506 branches closes string of stores with two more to come as part of strategy update
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Bargain shop chain with 506 branches closes string of stores with two more to come as part of strategy update
Author: Maleeha Katib
Published: Jan, 24 2025 17:08

Summary at a Glance

Bargain shop chain with 506 branches closes string of stores with two more to come as part of strategy update 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.

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.

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 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.

Since May 2024, The Works has opened three new stores, with another set to launch in Cirencester next month.

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