By Leanne Carr2019-10-03T06:22:00
Ted Baker fell into a loss during its first half, which chair David Bernstein attributed to “very difficult trading conditions”.
The fashion brand’s posted a loss of £23m during the 28 weeks to August 10, down from a £24.5m profit the same period the previous year.
Group revenue dipped 0.7% to £303.8m down from £306m during the comparable period.
The groups total retail sales dropped 2.5% to £214.5m with UK and Europe sales decreasing 3.9% to £14.3m. Retail sales in North America increased 3.1% to £63.7m however Rest of the World retail sales fell 15.2% to £9.5m.
The struggling fashion retailer’s online sales fell 1.3% to £52.3m.
Please sign in now if you have a subscription
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.