Shares in troubled Joules were down more than a fifth today as the business warned that sales and cash reserves were down on expectations.
The values of shares in the fashion brand dropped to around 10.5p today (Monday) – vastly down on a two-year high of 300p in June 2021.
The business – based in Market Harborough in Leicestershire – has been battling disappointing sales with profits expected to be down this year amid rising costs and tighter consumer spending.
