joules group news and archive

Joules to appoint administrators, trading suspended on AIM

The board of Joules has decided to appoint Will Wright, Ryan Grant and Chris Pole of Interpath Advisory Limited as administrators to the company and Joules Limited after discussions to raise funds collapsed. Joules has 1,600 employees and 130 UK stores. Additionally, the company will appoint Will Wright and Ryan Grant as administrators to The...

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Joules says turnaround plan in good progress

British lifestyle group Joules has said that under its new leadership team, led by Jonathon Brown and supported by Tom Joule in an executive capacity as product director, is making good progress in developing its turnaround plan. The company was responding to media speculation that it is considering an insolvency procedure. Joules said in a...

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Joules retail sales drop, expects to report full year losses

British lifestyle group, Joules has announced that retail sales have been depressed over the five-week period to August 14, 2022, resulting in an 8 percent year-on-year reduction in retail sales in the 11 weeks of the current financial year to date. As a result of the recent softness in trading and the current weak consumer sentiment, the...

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Joules H1 revenues improve 35 percent

For the 26 weeks to November 28, 2021, Joules Group plc said revenue increased by 35 percent to 127.9 million pounds, and store revenue increased by more than 80 percent to 35.5 million pounds reflecting a strong recovery in retail demand to almost pre-pandemic levels. The company’s statutory PBT after adjusting items of 2.6 million pounds...