Skip navigation

Gloucestershire Business News

Joules bucks high street trend with soaring sales

There is a new darling of the high street, in the form of quintessentially British fashion brand, Joules.

The company, which has stores in Cirencester, Cheltenham and Gloucester Quays, has continued to outpace its struggling high street rivals, as reported by Retail Gazette.

In the year ending 27th May, Joules saw year-on-year revenues jump 18.4 per cent to £185 million, with profits coming in slightly ahead of expectations at £12.6 million.

This was due to a 15.9 per cent rise in retail sales and a 24 per cent rise in wholesale sales, supported by improved margins due to fewer promotions and international sales.

Joules is one of the few fashion retailers currently able to reliably produce double digit sales growth while improving margins.

Punchline said: "While most of the high street is struggling, Joules has proved that the right products, combined with stores in the right locations, a good online offer and international growth mean that retail failure isn't inevitable in 2018."

Subscribe to Punchline

Related Articles

Forest Green Rovers appoints new chief executive Image

Forest Green Rovers appoints new chief executive

Henry Staelens becomes youngest CEO in professional football.

Shurdington Road Cheltenham to close for two weeks Image

Shurdington Road Cheltenham to close for two weeks

Drivers hoping to leave the end of the Bath Road in Cheltenham and make their way along the Shurdington Road with ease through early November may have a challenge.

Rural Business Awards won by county firms Image

Rural Business Awards won by county firms

A quartet of awards have been brought back to Gloucestershire from the Rural Business Awards South West.

Businesses invited to train with top rugby stars Image

Businesses invited to train with top rugby stars

Team-i Training presents a rugby inspired masterclass for business.

Copyright 2018 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.