Joules news and archive

Online demand boosts Joules full year revenues

For the year ended May 30, 2021, Joules has reported revenue increase of 4 percent to approximately 199 million pounds. The company said in a release that revenue rose despite the significant challenges impacting the retail sector during the financial year. The company added that it expects to report pre-tax profit in the range of 5.5 million to...

BusinessFeatured

Joules ups full-year outlook following strong stores sales

Joules has increased its full-year profit and revenue outlook following strong sales since stores were allowed to reopen in the UK last month. The British fashion and lifestyle brand said its stores have performed ahead of management’s expectations, and for the four weeks since reopening were ahead of the comparable period two years ago. Since...

Retail

Marks & Spencer adds Joules, Phase Eight, Hobbs and Seasalt to line-up

Marks & Spencer has reportedly struck deals to add four new labels to its womenswear line-up in the spring. When stores reopen after the UK’s current lockdown is lifted, the high street giant will sell clothes by Joules, Phase Eight, Hobbs and Seasalt both in-store and online, The Times reports. Marks & Spencer chose the brands because they have...

BusinessFeatured

Joules expects annual loss despite e-sales surging in lockdown

British fashion and lifestyle brand Joules has said it expects to make an underlying loss of between two to three million pounds for the year to 31 May following the closure of its stores across the UK due to Covid-19. Group revenue for the year was down 12 percent to 191 million pounds. Retail sales were approximately 146 million pounds with...

BusinessPress Release

Joules supports local frontline staff in the fight against COVID-19

Brand is harnessing supply chain partnerships to support its community, donating 50,000 masks and thousands of Joules products to frontline staff Almost £35,000 already raised for NHS Covid-19 Appeal through specially curated ‘Rainbow Edit’ 22nd April 2020 – British lifestyle brand Joules is supporting the NHS in its fight against the...

BusinessFeatured

Joules secures 15 million pound credit boost

Fashion and lifestyle retailer Joules has secured 15 million pounds to its revolving credit facility, with Barclays Bank, as the company looks to manage the ongoing coronavirus crisis. The credit boost follows a share placing on April 3 that raised 15 million pounds, and is part of the retailer’s continued strategy to “conserve cash throughout...

BusinessFeatured

Joules first half turnover declines

For the 26 weeks to November 24, 2019, Joules Group plc said revenue decreased by 1.4 percent to 111.6 million pounds (145 million dollars). The company said in a statement that retail revenue in the period was impacted by the timing of the Black Friday trading period, which fell in H2 in FY20 but in H1 in the prior year. On a comparable 27-week...

Retail

Stock availability issues hamper Joules' Christmas sales

Commenting on its Christmas trading performance, British lifestyle brand Joules said retail sales over the seven-week period were significantly behind expectations and decreased by 4.5 percent against the prior year as a result of disappointing online sales performance due to an internally generated stock availability issue. The company added...

Fashion

Joules launches first men's formalwear collection

In celebration of its 30th anniversary, British fashion and lifestyle brand Joules has unveiled its first formalwear collection for men. The collection features a range of suits, jackets, trousers, shoes, shirts, ties and pocket squares, and looks to mix Joules’ traditional heritage style with classic British tailoring. The collection includes a...

BusinessFeatured

Joules boosted by international growth

British fashion and lifestyle brand Joules has stated that the continued expansion of the retailer across channels and international markets has helped fuel sales, with group revenue for the 52-week period to May 26, 2019, increasing by 17.2 percent to 218 million pounds. Joules stated that “strong momentum” through the first half of the year...

PeopleFeatured

Joules names Nick Jones as chief executive

British fashion and lifestyle brand Joules has named Asda’s Nick Jones as its new chief executive officer, replacing Colin Porter who announced he was retiring before the end of the Group's FY20 financial year. Set to join Joules before the end of 2019, Jones will work alongside Porter for a “short handover period,” after which time Porter, who...

Fashion |INTERVIEW Featured

Q&A: Remy Goddard - Joules Print Designer Award winner

< British retailer Joules has a long standing tradition of supporting the next generation of designers, and as part of its celebration to mark its 30th anniversary this year, FashionUnited were given the opportunity to talk to the brand’s latest print design talent, Remy Goddard, who won the Joules Print Award at the 2018 New Designers, which...