Joules retail sales up 23% over Christmas period
Clothing retailer Joules said on Wednesday that it delivered another strong performance over the Christmas period.
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In the seven-week period to 8 January, total retail sales were up 22.8% against the same period the year before thanks to continued strong growth across both the store and e-commerce channels.
Joules said it expects the retail gross margin rate over the same period to be marginally ahead of the prior year.
Chief executive officer Colin Porter said: “This strong outcome over the important Christmas trading period reflects the growing awareness and strength of the Joules brand.
“The success of our disciplined, multi-channel, sales strategy across this important trading period is made possible by the dedication and commitment of our team.”
The company’s results for the 26 weeks to 27 November 2016 are scheduled for release on 31 January.
At 1024 GMT, the shares were up 1.6% to 222.60p.