British fashion group Joules warns of losses

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Aug 19 (Reuters) – British fashion retailer Joules Group (JOUL.L) said on Friday it expects a pretax loss for the year as its trading softened and consumer sentiment remained weak amid a cost-of-living crisis.

The group said retail sales in the first 11 weeks of the financial year were down 8%.

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Reporting by Muhammed Husain in Bengaluru; editing by Uttaresh.V

Our Standards: The Thomson Reuters Trust Principles.

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