Joules sales climb despite ‘challenging’ September

Joules fascia

Joules has posted an increase in sales during the first half of its financial year despite suffering what it called a “challenging” September.

The fashion retailer said revenues in the six months to November grew 1.3% year on year, with retail sales up 3.1%.

Joules said gross margins also advanced during the period as a result of “a disciplined approach” to promotional activity.

The business hailed “strong” ecommerce growth but said wholesale revenues were down 3.8%.

Joules blamed the decline on the conversion of some of its larger wholesale deals into retail concessions last year, as well as the “challenging UK trading environment”.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • 3 free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.