Ted Baker released its half-year results on Monday plus an update on Q3 and Q4, and the news was far from good. The 28 weeks to August 8 saw its revenue falling almost 46% and its underlying pre-tax loss ballooned.
It’s become something of a 2020 tradition for retailers to coincide new store openings with post-lockdown reopenings and on Wednesday, as England’s stores welcomed shoppers back, there were three fashion-linked debuts.
A group of big names in premium and luxury retail have joined the chorus of British businesses pleading with the government to reverse its decision to axe tax-free shopping for tourists in its current form.
OneStock offered more evidence of the value of its technology solution this week saying that UK retailer Ted Baker managed to fulfil an extra 101,000 online orders in a year following a new omnichannel initiative.
Fresh from its takeover of Victoria’s Secret’s UK operations, Next is deepening its intimates involvement with the news that Ted Baker has entered into a product licence agreement with Next for lingerie and nightwear.