Joules Group plc Christmas Trading Update (8459T)
January 11 2017 - 2:00AM
UK Regulatory
TIDMJOUL
RNS Number : 8459T
Joules Group plc
11 January 2017
11 January 2017
Joules Group Plc
('Joules' or the 'Group')
Christmas Trading Update
Joules delivers another strong Christmas trading period
performance
Joules, the British premium lifestyle brand, today updates on
the Christmas trading performance of its retail business for the
seven-week period to 8 January 2017.
Joules delivered a strong performance over the Christmas period
with total retail sales* up 22.8% against the comparable period
last year. Retail gross margin rate, over the same period, is
expected to be marginally ahead of the prior year. This outcome
reflects continued strong growth across both the Store and
E-commerce channels.
Colin Porter, CEO, commented:
"This strong outcome over the important Christmas trading period
reflects the growing awareness and strength of the Joules
brand.
The success of our disciplined, multi-channel, sales strategy
across this important trading period is made possible by the
dedication and commitment of our team. I would like to take this
opportunity to thank them all for their hard work."
Joules will announce its Interim results for the 26-week period
ended 27 November 2016 on Tuesday 31 January 2017.
This announcement contains inside information.
*Retail sales are stated including VAT and returns received, or
anticipated, from sales in the period. Retail sales in this
statement include Stores and E-commerce channels and exclude the
Shows channel. At the start of the trading statement period, Joules
operated 107 stores compared to 96 at the same point last year.
Enquiries:
Joules Group plc Tel: +44 (0) 1858
435 255
Colin Porter, CEO
Marc Dench, CFO
Hudson Sandler (financial Tel: +44 (0) 20
PR) 7796 4133
Alex Brennan
Lucy Wollam
Peel Hunt LLP, Nominated Tel: +44 (0) 20
Advisor & Broker 7418 8900
Dan Webster
Adrian Trimmings
George Sellar
Liberum Capital Limited, Tel: +44 (0) 20
Broker 3100 2000
John Fishley
Anna Hartropp
Joshua Hughes
About Joules
Joules is a British, premium lifestyle brand. The Group designs
and sells Joules branded clothing, footwear, accessories and
homeware and operates a balanced multi-channel proposition which
encompasses retail (stores and e-commerce), wholesale and other
smaller channels such as country shows and events and
licensing.
Joules has 107(**) UK and ROI stores, a customer database of
approximately 2.3 million(**) customers, an established e-commerce
platform and a fast growing international presence. Joules is also
a top selling wholesale brand in major UK retailers such as John
Lewis and Next Label. In November 2016, Joules won the prestigious
"Mainstream Brand of the Year" award at the 2016 Drapers Awards.
This followed the business's recognition as "Fashion Retail
Business of the Year"(***) at the 2015 awards.
The Joules brand is at the heart of the business and encompasses
values of "time-off", heritage, countryside, Britishness, family
and fun. These brand values are reflected in the product designs,
which are recognisable for their distinctive colours, prints,
detail and quality.
www.joules.com
www.joulesgroup.com
** Figures are stated as at 27 November 2016
*** GBP30-GBP100 million turnover category
This information is provided by RNS
The company news service from the London Stock Exchange
END
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