News that popular retailer Joules is poised to collapse into administration sparked concern among some shoppers in Nottingham city centre. A total of 1,600 jobs are put at risk and the retailer has a branch in Bridlesmith GateShoppers have called this “a shame” and have expressed that now is “not the time for jobs to be at risk” as the cost of living increases..
News of the potential demise of the popular chain broke on Monday and the fashion firm saw its shares suspended after it filed a notice to appoint administrators on Monday, it was confirmed.
Joules founder Tom Joule said it was “a deeply disappointing day for Joules, and a sad day for me personally”.