In an update to the City issued this morning, Joules said the impact of coronavirus between March and May “resulted in a material reduction in revenue and lower group gross margin” and predicted a loss before tax for the year of between £2m and £3m.

During the period of lockdown up to May 31, Joules’ sales were £191m, down 12% against the same period the previous year.

Overall retail sales were £146m with store sales down by 20% and ecommerce sales up 5%. Wholesale revenues were £42m, down 26%.