Originally established as Joule & Sons in 1977 by Ian Joule, his son Tom took over the business in 1989. Joule & Son originally sold branded clothing and accessories at equestrian and country shows. Seeing a gap in the market for colourful
country clothing as an alternative to traditional styles, Tom ordered 100 pairs of pink
Wellington boots to be manufactured, which sold out almost immediately. Tom identified a gap in the market for stylish country clothing as an alternative to traditional pieces. In 1994, Joule & Son rebranded as Joules. The company's strategy changed to sell branded goods at minor fairs, and by 1997 had experienced success in selling branded outdoor clothing at bigger shows. In March 1999, Joules premiered its first clothing collection under its own name. In September 2000, Joules opened their first store next door to the café owned by his father in
Market Harborough,
Leicestershire. Between 2003 and 2010, the company saw turnover increase from £3m to £50m, with mail order and
internet sales accounting for a fifth of turnover by 2010. By early 2011, Joules saw its
high street network rise to a total of 52 stores. During May 2016, Joules completed a successful stock exchange listing on the Alternative Investment Market. The business was valued around £140m. 2017 and 2018 saw further growth and Joules had sales of £185m. In 2019 a new chairman and CEO joined Joules. It was decided to hand the creative and product responsibility to others, leading to Tom Joule’s departure during Christmas of 2019. In November 2022, Joules entered into administration, in part due to the challenging UK economic environment which negatively impacted consumer confidence and disposable income. On 1 December 2022, 19 branches nationwide closed for the final time. In December 2022, Tom Joule returned to the business he founded in 1989. In a deal that saved 100s of jobs, Tom bought Joules out of administration in partnership with Next. Today, Joules has a turnaround plan that focuses on making new products that appeal to both its loyal customers and a new, younger audience that likes preppy styles. Tom's wife, Alice Joule, is the creative director. == Products ==