Jack Wills reports loss of 7.5 million pounds

For the year to January 28, 2019, UK-based clothing retailer Jack Wills
reported a marginal 1.1 percent decline in sales to 129.3 million
pounds.

However, in a filing with the Companies House UK, the company said,
gross margin earned on sales declined by 50.98 percent and Ebitda before
exceptional items was a loss of 7.5 million pounds compared to profit of
6.3 million pounds in 2017.

The company opened 12 new stores during the year under review and closed
one, while three were refitted.

Picture:Facebook/Jack Wills