Joules issues profit warning off the back of ‘disappointing’ Christmas period

Joules fascia

Joules has issued a profit warning following a torrid Christmas trading period driven by stock availability issues.

In an update this morning, the fashion brand said that retail sales over the seven weeks to January 5, 2020, were “significantly behind expectations” and as a result, it anticipated that underlying PBT for the year would be “significantly below market expectations”.

The retailer said sales over Christmas decreased 4.5% due to a stock availability issue towards the end of the year “the cause of which has now been addressed”.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.