85 406
Fashion Jobs
NEIMAN MARCUS
Senior Manager, Fulfillment Operations
Permanent · PITTSTON
NEIMAN MARCUS
Loss Prevention Investigator- Charlotte
Permanent · CHARLOTTE
LULULEMON
Visual Merchandising Specialist | Toledo Local
Permanent · TOLEDO
LULULEMON
Community Specialist | Martha's Vineyard
Permanent · EDGARTOWN
LULULEMON
Community Specialist | Market Street, Lynnfield
Permanent · LYNNFIELD
LULULEMON
Expeditor (9pm - 2am) | Scottsdale Fashion Square
Permanent · SCOTTSDALE
LULULEMON
Visual Merchandising Specialist | University Place, Orem - Full Time
Permanent · OREM
LULULEMON
Visual Merchandising Specialist | The Shops at Mission Viejo
Permanent · MISSION VIEJO
LULULEMON
Community Specialist | Village Meridian
Permanent · MERIDIAN
NORDSTROM
Customer Service Representative - Montgomery Mall
Permanent · BETHESDA
NORDSTROM
Retail Stock - Chandler Festival Rack
Permanent · CHANDLER
NORDSTROM
Customer Service Representative - Old Orchard Center
Permanent · SKOKIE
NORDSTROM
Chef - Nordstrom Grill - City Creek Center
Permanent · SALT LAKE CITY
NORDSTROM
Retail Stock - Mayfair Collection Rack
Permanent · WAUWATOSA
NORDSTROM
Asset Protection - Agent - International Plaza
Permanent · TAMPA
NORDSTROM
Area HR Business Partner - NE Stores - CT/NY Market
Permanent · NORWALK
NORDSTROM
Retail Stock - The Village at Totem Lake Rack
Permanent · KIRKLAND
NORDSTROM
Service Experience Rep - Fashion Island
Permanent · NEWPORT BEACH
NORDSTROM
Asset Protection - Agent - Pentagon City
Permanent · ARLINGTON
NORDSTROM
Asset Protection - Security Ambassador - Pentagon City
Permanent · ARLINGTON
NORDSTROM
Asset Protection - Agent - Westfield Culver City Rack
Permanent · CULVER CITY
NORDSTROM
Retail Stock - The Palms at Town & Country Rack
Permanent · KENDALL
Published
Jun 6, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

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 © 2024 FashionNetwork.com All rights reserved.