The Works reduces expectations for FY23 after Q1 2022 update
The company faced a cybersecurity incident at the end of March, which affected its online like-for-like sales performance.

The company faced a cybersecurity incident at the end of March, which affected its online like-for-like sales performance.
Last week, Sycamore and Hudson’s Bay were reported to be considering bids for Kohl’s.
In 2020, the retailer announced plans to close 200 stores over the following two years.
The retailer currently operates 84 brick-and-mortar stores and aims to increase its store network to 300.
The company expects its net sales for FY21 to be in the higher mid-twenties percentage range.
The company has revised its full-year outlook and expects net sales of between $8.1bn and $8.3bn.
Foot Locker has announced plans to buy athletic retailer WSS and Japan-based atmos for a combined total of $1.1bn.
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