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FAQs about Joules: 100s of new reductions added! Our Sale just got bigger Coupon?

Is joules group's turnaround plan making good progress?

Sept 29 (Reuters) - Struggling British fashion retailer Joules Group (JOUL.L) on Thursday said its turnaround plan, focused on boosting profitability, was making good progress, weeks after Next Plc (NXT.L) abandoned plans to inject funds into the company. ...

What's going on with joules?

Joules, which sells clothing, footwear and accessories, has been wrestling with finances as consumers turn cautious about spending as surging inflation has fed a cost of living crisis. British inflation was 9.9% in August and expected to rise further, with the cost of living crunch squeezing households' disposable spending. ...

Why did joules stock fall 39% this year?

Shares of the struggling retailer fell 39% on the report adding to its 95% plunge this year. Joules is working with advisory firm Interpath Advisory on a company voluntary arrangement (CVA) that would, if approved, pave the way for store closures, rent reductions and job cuts, according to the report. ...

What happened to joules?

Joules had hoped that rival Next (NXT.L), which ended up buying the Made.com brand last week, would invest in the company to help with its turnaround but Next pulled out in September. Shares in Joules, which is listed on the AIM junior market, will be suspended and a further announcement will be made in due course. ...

Who is joules?

Before long, Joules was synonymous with effortless, British style. With founder Tom Joule taking the reins, today Joules is reimagining all it pioneered more than three and a half decades ago. We continue to reinvent the art of well-dressed time off. ...

How many people work at joules?

Joules employs 1,600 people and has 132 shops in Britain and Ireland. The retailer was already in a weak position before the consumer downturn and unseasonably warm weather, says Hargreaves Lansdown analyst Susannah Streeter, hurt by out of date designs and too much discounting. ...