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Gloucestershire Business News

Joules buck the high street trend by reporting revenue increase

Lifestyle brand Joules is bucking the high street trend by reporting an increase in revenue in revenue of 17.2 per cent for the year to May 26, 2019.

Joules have 124 stores across the country, including outlets in Cheltenham, Cirencester and Gloucester Quays as well as a "significant online business."

Joules have one of their three Gloucestershire stores at Gloucester Quays

They also have an established wholesale business with more than 2,000 stockists worldwide, including John Lewis.

Their retail arm reported impressive growth of 22.7 per cent to £159.1million, while wholesaling increased 2.9 per cent to £57.1 million.

That led to an overall group revenue of £218million, an increase of 17.2 per cent, year-on-year.

The Group will announce its Preliminary Results for the 52-week period to 26 May 2019 on Tuesday 23 July 2019.

Colin Porter, Chief Executive Officer, said: "As Joules celebrates its 30th anniversary, this strong performance, particularly in our international markets and across our E-commerce and Licensing channels, reflects the strength of our distinctive brand as well as the appeal of our products across an ever-increasing range of lifestyle categories.

"The Group's flexible and integrated 'total retail' model is well suited to meet rapidly evolving consumer shopping behaviours.

"Supported by this strong momentum and our outstanding brand, growing customer base and skilled colleagues across the world, we continue to look forward with confidence despite well-documented sector headwinds."

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