Fashion and lifestyle retailer Joules has reported a 4% increase in revenue for its financial year ended May 30 2021, despite the significant challenges impacting the retail sector during the period. The retailer highlights the ‘positive contribution’ resulting from its acquisition of home and garden product supplier Garden Trading Company, and sales growth on its the Friends of Joules online marketplace, which includes housewares.
Garden Trading has traded well since its acquisition in February 2021, with revenues approximately 78% higher than the comparable prior year period.
Looking ahead to “ambitious growth plans,” Nick Jones, Joules’ chief executive officer commented: “The continued success and growth of our Friends of Joules digital marketplace and our strengthened position in the home, garden and outdoor sector following the acquisition of Garden Trading means that we now offer significantly more products across more categories and provide our customers with more choice and reasons to shop with us.”
Top: Some of the Alfresco Dining products on the Friends of Joules marketplace.
