(Reuters) -Struggling British fashion retailer Joules Group on Thursday said its turnaround plan, focused on boosting profitability, was making good progress, weeks after Next Plc abandoned plans to inject funds into the company. Joules, which sells clothing, footwear and accessories, has been wrestling with finances as consumers turn cautious about spending as surging inflation has fed a cost of living crisis. This month the company said it was no longer in talks with retailer Next Plc over a potential 15 million pound ($16.52 million) equity investment, without disclosing details.
The Next share price has fallen 40% over the past 12 months. First-half profits are up, but the second-half outlook has declined. The post The Next share price just fell 10%. Is it a no-brainer buy now? appeared first on The Motley Fool UK.
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