×
2 512
Fashion Jobs
HARRODS
Brand Manager
Permanent · LAKESIDE
HARRODS
Uniformed Security Officer
Permanent · LONDON
VF INTERNATIONAL
Senior Distribution Systems Specialist
Permanent · COALVILLE
ESTEE LAUDER
Bobbi Brown, la Mer And Darphin - CRM & Insights Assistant
Permanent · London
JOHN LEWIS
Section Manager Customer Delivery Speke Cdh
Permanent · SPEKE
HARRODS
Food Supply Manager
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · CAMBRIDGE
HEAD OFFICE
Cyber Security Lead – Incident Response
Permanent · BRACKNELL
HEAD OFFICE
Delivery & Operations Manager
Permanent · BRACKNELL
BOOHOO GROUP
Product Manager
Permanent · MANCHESTER
DEBENHAMS
CRM Executive
Permanent · LONDON
PRETTYLITTLETHING
Business Analyst
Permanent · MANCHESTER
PRETTYLITTLETHING
Buying Admin Assistant
Permanent · MANCHESTER
BOOHOO GROUP
Warehouse Operative - pm Shift
Permanent · WELLINGBOROUGH
BOOHOO GROUP
Product Insights Manager
Permanent · MANCHESTER
BOOHOO GROUP
Technical Delivery Manager
Permanent · MANCHESTER
BOOHOO GROUP
Business Analyst
Permanent · MANCHESTER
PRETTYLITTLETHING
Senior CRM Automation Executive
Permanent · MANCHESTER
BOOHOO GROUP
Senior Project Manager
Permanent · MANCHESTER
BOOHOO GROUP
Warehouse Team Manager - Twilight Shift
Permanent · WELLINGBOROUGH
ESTEE LAUDER
Clinique - Consultant - Boots Oracle, Reading - 11 Hours, 2 Days (Sat. Sun.) - Part Time, Permanent
Permanent · Reading
ESTEE LAUDER
Clinique - Consultant - Harrods, London - 37.5 Hours, 5 Days - Full Time, Permanent
Permanent · London
Ads
Published
Jun 6, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Joules is on a roll as retail and wholesale both out-perform

Published
Jun 6, 2017

UK fashion and lifestyle retailer Joules has had a good year. A very good year. The company said Tuesday that its revenues in the 12 months to May 28 surged 19.6% to £157m. And in its first year of being listed on London’s Alternative Investment Market its sales in constant currencies rose an almost-as-good 18.6%.


Joules



And the company said it was good news all the way last fiscal year as a strong first half turned into an equally buoyant second half with Christmas sales proving strong.

The company, which was expanding fast during the period both at home and abroad, said it is servicing a growing customer base and those customers are responding positively to both its new pieces and its core offer across its product ranges.

Retail revenue rose by around 19.4%, driven both by strong e-commerce growth and by the opening 11 new stores in the UK and Ireland. But importantly, like some other high performers at present such as Superdry owner Supergroup, wholesale was also very strong.

While some brands have cited wholesale as a problem part of their operations and have partially exited from this segment, Joules is fully committed to it. Wholesale revenues consequently rose 20.3%, or 17.6% on a constant currency basis, with strong growth in the spring/summer order book from the UK and from international wholesale customers.

There was also good news on the margin front as Joules sold more goods at full price and as it saw “a favourable product mix” in international wholesale where it has been successfully increasing the relative proportion of clothing sales.

The company didn’t give an exact profit prediction but did say that it would be “comfortably ahead” of its previous expectations. And it looks like profits for the current year could continue this trend as a “robust” wholesale order book for the autumn season both in Britain and abroad is likely to mean more good news ahead.

Copyright © 2022 FashionNetwork.com All rights reserved.