Joules said the weather had impacted full price sales (Mike Egerton/PA)
(Picture: PA Archive)Troubled high street retailer Joules has hit the financial buffers releasing a widely downbeat update on recent trading at the country lifestyle chain predicting a “significant” loss for the first half of the year.
In the update, released this morning (Friday), the favoured outlet of William and Kate the Duke and Duchess of Cambridge said that it had encountered “significant” pressure on its gross margins with consumer appetite “weighted towards mark-downs amidst a heavily promotional environment”.
