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Joules has reported a 1.4% drop in group revenue to £111.6m, for the 26 weeks ending 24 November 2019. The news comes after the lifestyle retailer announced “disappointing” sales over Christmas, due to poor online stock availability.
Sales at British lifestyle brand Joules fell by 4.5% year on year over the seven-week Christmas period to 5 January 2020, as a result of disappointing online sales and a stock availability issue through the end-of-season Sale event.
Joules CEO Nick Jones says the retailer is set up for a “successful Christmas” and ready to battle through further tough trading head winds, as it has “stepped up” its investments in the business.
British lifestyle brand Joules has reported a 1.3% year-on-year rise in revenues to £111.6m in the 26 weeks to 24 November, despite the “continued challenging trading environment”.
It’s the most wonderful time of the year, and fashion retail has once again gone all out with glitzy and glam ads to entice in shoppers. As is tradition, team Drapers have cast our eyes over this year’s offers to give our verdicts on the best and worst festive ads around.