Bosses at Joules brace for ‘significant loss’ in pre-tax profit this year August 19, 2022 Bosses at retailer Joules are bracing for a “significant loss” in profit in the first half of this year, as inflation and the recent heatwave hit sales. While the company expects its finances to improve in the second half of the year, the board announced today, Joules is expected to report a pre-tax loss for [...]
Joules names former Compare the Market CEO Jonathon Brown as new chief August 15, 2022 British lifestyle brand Joules has announced former Compare the Market chief Jonathon Brown as the group's new CEO.
Joules confirms talks with Next about retail giant acquiring £15m minority stake August 8, 2022 Joules has confirmed weekend speculation that Next is set to acquire a minority stake in the lifestyle retailer for around £15m. Sky News reported at the weekend that the high street staple had been in talks with Joules for several weeks over a deal. Now, Joules has confirmed these discussions are taking place, with talks [...]
Next poised to snap up major stake in fashion firm Joules August 6, 2022 Retail giant Next is in talks to snap up a major stake in London-listed fashion firm Joules, according to reports today.
Joules: Margins continue to be under pressure as shoppers seek out sale items July 19, 2022 Prestige retailer Joules has said discount-hungry consumers have intensified pressures on margins while expecting yearly profit to surpass expectations. The clothing and lifestyle brand admitted gross margins had “remained under significant pressure” after “consumer appetite” was focused on marked down products. Shoppers have been hunting for reductions amid monster hikes in energy and fuel bills, [...]
Joules share price plummets after retailer calls in KPMG to help boost profitability July 11, 2022 Joules share price has tumbled after it confirmed weekend reports that it has called in the KPMG debt advisory to help boost its cash position. As set out in its May trading update, the premium lifestyle group said it will continue to focus on improving profitability, cash generation and liquidity headroom. As at 29 May, [...]
Joules shares plunge after news of CEO departure and ‘more challenging’ market May 4, 2022 Premium British lifestyle group Joules posted strong revenue growth this morning, up 20 per cent for the quarter ending 1 May.
Share boost for Joules as boss warns of ‘severe’ cost increases February 8, 2022 Lifestyle retailer Joules saw its shares soar on Tuesday, although it warned of “the severe inflationary cost environment.” In interim results ended 28 November 2021, the Leicestershire-based company posted a pre-tax profit of £2.6bm. This was double the £1.3m profit in the comparable period last year. Revenue soared 35 per cent to £127.9m, up from [...]
Omicron and supply chain issues plague Joules’s profitability February 1, 2022 The rise of Omicron and ongoing supply chain issues have plagued the profitability of British lifestyle group Joules. In the six month ended 28 November, Joules’s financial results were in line with previous guidance, as profits went down 29.7 per cent on 2020 levels to £2.6m, while revenues hiked to £127.9m. But in the last [...]
Labour shortages trigger ‘below expectations’ Black Friday for lifestyle retailer Joules December 14, 2021 Labour shortages led to a Black Friday performance below expectations, according to lifestyle group Joules. Global supply chain challenges led to “some higher costs and stock delays,” while labour shortages in a third-party operated distribution centre caused “extended” delivery times. “These factors were particularly acute in November, including the Black Friday period, which alongside weaker [...]