Joules has completed the acquisition of The Garden Trading Company, an online furniture, homewares and lighting retailer. We take a look at its Revenue and Profit before Tax, and number of employees. Read on to discover more. This article is written by industry analyst Joules. There is a lot of good stuff to digest in this article, so keep reading! Also, check out the rest of the article for more information on The Garden Trading Company.
Joules completes acquisition of online furniture, homewares, garden accessories and lighting shop The Garden Trading Company
In a bid to further expand its online presence, Joules has acquired online furniture, homewares, garden accessories, and lighting shop The Garden Trading Company. The company designs and sells products inspired by the British countryside. The company also has 1,000 stockists across the UK, and its products are sold on Joules’ Friends of Joules website. The companies said they share a similar culture and approach to quality and design. The companies have stated that the acquisition will strengthen their home category and help them reach new customers.
The online retailer said that it will continue to invest in new businesses, including online furniture and lighting. It is also targeting the booming UK homeware market, as well as introducing more innovative products and services. The acquisition will create a further 80,000 jobs in the UK. The acquisition will boost Joules’ global reach and drive sales, according to a statement on its website.
Revenue of The Garden Trading Company
The Garden Trading Company is a retailer that designs and sells outdoor products and accessories. The company’s revenue is made up of both wholesale and retail sales. Its primary industries are gardening supplies and outdoor furniture. It has an estimated staff of more than 2,000 people. The company is headquartered in California and has two primary locations: Oakland, California, and New York City, New York. The retail store and online site sells items that are popular with homeowners.
Joules’ acquisition of Garden Trading enables it to grow its customer base. Joules and Garden Trading share a design-led approach and are aligned in many ways. The companies are closely aligned and have the same culture. Joules also plans to continue to develop Garden Trading’s digital platform. It will be the retailer’s second largest competitor in the United States. Revenue of The Garden Trading Company
Profit before tax of The Garden Trading Company
The Garden Trading Company Limited, which is based in Oxfordshire, was acquired by Joules Group plc for a consideration of up to PS12.5 million. The company is a leading seller on the digital marketplace run by the premium British lifestyle brand. Joules said the acquisition was a good fit for both companies. The company expects to make profits in the first year of operation, while also delivering revenues in the second year of operation. The company has increased its online sales by 36% over the previous year. Retail trends suggest that UK consumers will continue to spend more on garden, home and furniture products in the coming years.
The company also boosted its revenue by 4 percent year-on-year, and 77 percent over the past two years. The company expects strong growth in revenue from e-commerce and wholesale business, although it experienced challenges in supply chains. Despite these challenges, the board anticipates strong wholesale performance in H2, as the company will be able to reopen wholesale partners in the UK and internationally. Profit before tax of The Garden Trading Company
Number of employees at The Garden Trading Company
The Garden Trading Company is an American retail store chain that sells outdoor products and garden designs. The company is based in California. The company employs approximately 4,000 people in its headquarters. Employees are paid hourly and work in offices or at home. Its primary industries are garden supplies, gardening tools, and outdoor furniture. Approximately 1% of employees work in the corporate office. There are a total of five executives at the company.