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Joules grows e-commerce sales

The clothing chain is busy growing its online business which, coupled with changes to the wholesale division, is causing some short-term margin pain
Joules grows e-commerce sales

Growing a successful e-commerce business is taking a bite out of margins at clothing chain Joules (JOUL). However, this shouldn’t distract from a solid set of half-year numbers. Half-year revenues rose by nearly 18 per cent to £113m, with retail sales up 10 per cent on an underlying basis when adjusted for the transition of two wholesale accounts into retail concessions.

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