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

(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.