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Retailers are concerned they will be pressured to close their online operations, which they fear could be the “final straw” for the supply chain and the whole economy.
British lifestyle brand Joules has said it is taking ”prudent actions” after witnessing a decline in in-store footfall and revenue since the outbreak of Covid-19 in the UK.
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.
While opportunities for women are improving across fashion retail, Drapers’ research reveals there is still much to be done to create parity with male counterparts at board level.