Joules
This coverage explores Joules’ role and performance in the UK retail sector, focusing on its store network, brand strategy, financial developments, and product collections. Reporting highlights management decisions, marketing initiatives, collaborations, and responses to market challenges, offering insight into the brand’s positioning within fashion and lifestyle retail. Tailored for retail executives, brand managers, and professionals monitoring mid-market and premium retail dynamics.
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Aug- 2022 -22 AugustClothing & Shoes
Next increases stake in Reiss to 51%
Next has reportedly upped its stake in Reiss to 51%, having previously acquired a 25% equity stake in Reiss back in March 2021, which was valued at around £200m, as part of a long-term, “strategic” partnership. It is reported that Next would’ve had an option to acquire an additional 26%…
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19 AugustClothing & Shoes
Joules faces FY loss as summer sales suffer
Joules has warned that it expects to deliver a full-year loss that is “significantly” below market expectations in its next financial results, amid rising inflation and weak trading in recent weeks. Over the five weeks to 14 August, since its last trading update in July, the group noted trading has…
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15 AugustNews
Joules names former John Lewis director as CEO
Joules has announced the appointment of Jonathon Brown as the group’s new CEO following a thorough selection process, joining as CEO designate on 7 September and becoming CEO on 30 September. Most recently, Brown was CEO of Compare the Market, part of BGL Group, where he led the business through…
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8 AugustClothing & Shoes
Joules confirms talks to sell minority stake to Next
Joules has confirmed in a statement that Next plc has been in negotiations for several weeks for the retail giant to acquire up to 25% of the smaller London-listed retailer. The statement confirmed Next’s plan to adopt its total platform services to support the group’s long term growth plans. Additionally,…
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Jul- 2022 -19 JulyClothing & Shoes
Joules raises FY profit guidance as cost cuts bear fruit
Clothing and homeware brand Joules has revealed it expects FY22 adjusted profit before tax and adjusting items to be “slightly ahead of current market expectations” as its additional cost reductions begin to bear fruit. It revealed the trading trends outlined in the group’s previous update have also continued for the…
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11 JulyClothing & Shoes
Joules appoints KPMG to help boost profitability
Outdoor fashion and lifestyle retailer Joules has appointed ‘Big Four’ accounting firm KPMG to improve its cash position in the face of turbulent economic conditions due to the cost of living crisis. According to reports from The Sunday Times, Joules has called in advisors from KPMG’s debt advisory practice to…
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May- 2022 -4 MayClothing & Shoes
Joules CEO steps down as group warns of market challenges
Joules has announced that its CEO, Nick Jones, will step down from his role during the first half of the group’s next financial year following three years at the helm, as the group warned of subdued trading amid challenging market conditions. The group said that since joining the business in…
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Mar- 2022 -8 MarchPeople Moves
Ted Baker welcomes new CFO
Ted Baker has announced the appointment of Marc Dench as its new chief financial officer (CFO) with effect from today (8 March 2022). Dench will succeed David Wolffe in the role, who is leaving to pursue another opportunity and will resign as a director with immediate effect. Dench is described…
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Feb- 2022 -9 FebruaryClothing & Shoes
Joules to increase prices amid rising costs and supply issues
Country lifestyle retailer Joules has announced it is to increase the prices of some of its items in a bid to improve its profitability in the face of rising costs and supply chain issues. In its interim results for the 26 weeks ended 28 November 2021, Joules said that after…
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1 FebruaryClothing & Shoes
Joules lowers profit forecast amid Covid and supply chain disruptions
Joules has reported its pre-tax profits fell to £2.6m in the six months ending 28 November 2021 (FY22), compared to £3.7m in FY21. The group announced that pre-tax profits for the full year is now expected to be £5m, down from the £10m to £12m previously forecast. Meanwhile, revenues hit…
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