Ted Baker warns on profits amid ‘extremely difficult conditions’

Ted Baker has suffered amid harsh trading conditions

Fashion retailer Ted Baker has suffered in a harsh trading environment and warned that full-year profits will come in at between £50m and £60m.

The retailer posted group sales up 3.8% – or 1.9% in constant currency – for the 19 weeks to June 8. Total retail sales including ecommerce slipped by 0.3%, or 1.8% in constant currency, as tough conditions took a toll.

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