The Works warn of a consumer slowdown
(Picture: PA Media)The Works has become one of the UK’s first big-name high street retailers to directly address the prospect of a cost-of-living Christmas, cutting its full-year guidance for its 2023 financial year.
The discount books, toys and art materials chain pointed to “low consumer confidence and rising inflation” and “a heightened degree of uncertainty about how consumers will behave, particularly in the forthcoming Christmas shopping season, The Works’ most important trading period.”
