Joules swings to loss, turnover declines by 12.5 percent

Joules Group revenue for fiscal year ending May 31, 2020 of 190.8 million pounds was down 12.5 percent. The company said in a statement that retail sales were 145.9 million pounds with store sales down 21.4 percent and e-commerce sales up 5 percent driven by strong sales through the group’s owned ecommerce channels, which increased 10.8 percent.