for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Fashion retailer Joules posts 58% plunge in holiday season store sales

Jan 7 (Reuters) - British fashion retailer Joules Group on Thursday reported a 58% plunge in total store sales for a seven-week period, including Christmas and New Year, and warned of a hit of up to 18 million pounds if the new COVID-19 curbs continued.

The company further estimates the potential loss in revenues to be 14 million pounds ($19.01 million) to 18 million pounds if the new restrictions to tackle a fast-spreading strain of the virus continue through to April. ($1 = 0.7364 pounds) (Reporting by Indranil Sarkar in Bengaluru; editing by Uttaresh.V)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up