Updates

Joules - E-commerce expected to be 33% of retail sales this year

January 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Ahead of reporting on 31 January, Joules said that H1 sales were up 16.2% to £81.4m with both Retail and Wholesale performing strongly.Retail increased sales by 15.8% to £56.7m driven by an additional 10 UK stores and continuing strong e-commerce sales. As always it doesn't provide like-for-likes. The new stores were opened in high street, lifestyle and malls/outlet locations, varying between 1,000 and 3,000 sq ft and finance director Marc Dench notes that payback on new openings remains less than 24 months. Within Retail, e-commerce sales appear to have taken off with Dench saying they will be up to c33-34% of total retail revenues vs 22% last year.Wholesale grew by 17.2% to £24.5m driven by expansion o ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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