• Cookies Policy
  • Privacy Policy
  • Terms of Use
  • Contact
Thursday, December 12, 2019
Retail Sector
  • All News
    • All
    • Clothing & Shoes
    • Department Stores
    • DIY
    • Economy
    • Electrical
    • Entertainment
    • Government
    • Health & Beauty
    • High Street
    • HR
    • Luxury Goods
    • M&A
    • Online & Digital
    • People Moves
    • Property
    • Shopping Centres
    • Sport & Leisure
    • Supermarkets
    • Supply Chain
    • Technology
    Dixons Carphone profits drop 60% in half-year results

    Dixons Carphone profits drop 60% in half-year results

    M&S strategy director to lead Ocado Retail following deal completion

    Ocado sees sales slow in Q4

    Year-on-year decline in number of retailers using Amazon

    Homebase rated ‘worst’ online retailer in the UK for 2019

    Superdry profits slump in half-year results

    Superdry profits slump in half-year results

    Co-op to open 30 new stores in lead up to Christmas

    Co-op to open 30 new stores in lead up to Christmas

    US investment firm acquires Majestic Wine in £100m deal

    Naked Wines completes £95m Majestic Wine disposal

    Debenhams appoints John Walden and Kevin Conroy as non-executive directors

    Debenhams appoints John Walden and Kevin Conroy as non-executive directors

    Inditex reveals boost to net sales and profit

    Inditex reveals boost to net sales and profit

    Mothercare swings to £87.3m loss in 2018

    Mothercare losses widen amid declining sales

    Ted Baker posts profit rise of 3.5%

    Ted Baker bosses depart as it warns of profits drop

    Watches of Switzerland reports 112% increase in profit before tax

    Watches of Switzerland reports 112% increase in profit before tax

    McColl’s earnings to fall short of expectations

    McColl’s earnings to fall short of expectations

    Ted Baker appoints Deloitte to probe £25m stock overstatement

    Ted Baker appoints Deloitte to probe £25m stock overstatement

    What does the Black Friday of the future have ‘in store’ for us?

    Wet weather hits November footfall

    Tesco considers sale of its Asian arm

    Tesco considers sale of its Asian arm

    Jessops appoints administrators, 500 jobs at risk

    Jessops appoints administrators, 500 jobs at risk

    JD Sports responds to CMA amid Footasylum probe extension

    CMA issues interim order to halt JD Sports’ Footasylum acquisition

    Boohoo founders sell off £143m of stock

    Boohoo founders sell off £143m of stock

    Sports Direct seeking Lillywhites London lease sale

    Sports Direct seeking Lillywhites London lease sale

    Kerring to pay €1.25bn in Italian tax settlement dispute

    Gucci owner in talks over potential Moncler takeover

    Trending Tags

    • High Street
      Dixons Carphone profits drop 60% in half-year results

      Dixons Carphone profits drop 60% in half-year results

      Co-op to open 30 new stores in lead up to Christmas

      Co-op to open 30 new stores in lead up to Christmas

      Mothercare swings to £87.3m loss in 2018

      Mothercare losses widen amid declining sales

      McColl’s earnings to fall short of expectations

      McColl’s earnings to fall short of expectations

      What does the Black Friday of the future have ‘in store’ for us?

      Wet weather hits November footfall

      Jessops appoints administrators, 500 jobs at risk

      Jessops appoints administrators, 500 jobs at risk

      Sports Direct seeking Lillywhites London lease sale

      Sports Direct seeking Lillywhites London lease sale

      Joules revenues up 3.1% despite ‘challenging’ September period

      Joules revenues up 3.1% despite ‘challenging’ September period

      Clintons in talks over possible CVA

      Clintons saved from administration

    • Online
      Year-on-year decline in number of retailers using Amazon

      Homebase rated ‘worst’ online retailer in the UK for 2019

      US investment firm acquires Majestic Wine in £100m deal

      Naked Wines completes £95m Majestic Wine disposal

      Boohoo upbeat after ‘record’ Black Friday trading

      Boohoo upbeat after ‘record’ Black Friday trading

      Disabled customers ‘shut out’ from online shopping

      Disabled customers ‘shut out’ from online shopping

      Sosander shares jump as revenues surge 53%

      Sosandar revenues soar in half-year results

      Marie Kondo launches controversial online store

      Marie Kondo launches controversial online store

      Naked Wines appoints Nick Devlin as new chief executive officer

      Naked Wines appoints Nick Devlin as new chief executive officer

      Year-on-year decline in number of retailers using Amazon

      ‘Worst ever’ growth for online retail sales in October

      AO World closes Netherlands arm amid losses of £6.2m

      AO World closes Netherlands arm amid losses of £6.2m

    • Economy
      Outstanding business rates challenges increase by 35%

      Outstanding business rates challenges increase by 35%

      Footfall tumbles further in October

      Consumer confidence ‘flatlines’ in November, claims GfK

      The Hut Group secures £510m debt facility to boost beauty investment

      The Hut Group secures £510m debt facility to boost beauty investment

      Conservatives pledge business rates review

      Conservatives pledge business rates review

      Boris Johnson pledges to invest in ‘left behind’ communities if Tories win

      Boris Johnson pledges to invest in ‘left behind’ communities if Tories win

      Burberry profits rise despite Hong Kong protests ‘dampening’ sales

      Burberry profits rise despite Hong Kong protests ‘dampening’ sales

      British Land profits slip in half-year results

      British Land profits slip in half-year results

      Mothercare to appoint administrators, placing 2,500 jobs at risk

      Mothercare to appoint administrators, placing 2,500 jobs at risk

      Fall of the high street — can retailers survive?

      Consumer confidence drops further in October

    • Comment
    • Archives
    • Network
    • Contact
    • Media Information
    No Result
    View All Result
    ADVERTISE / MEDIA PACK
    No Result
    View All Result
    Retail Sector
    No Result
    View All Result
    Home News High Street

    Ted Baker profits nosedive 194% in half-year results

    Group revenue decreased by 7% to £303.8m and retail sales including e-commerce was down 2.5% to £214.5m

    Alessandro Carrara by Alessandro Carrara
    December 5, 2019
    in High Street
    Former Ted Baker boss considering private equity buy-out
    39
    SHARES
    EmailTap to WhatsappShareTweet

    Shares at men’s fashion retailer Ted Baker plunged by as much as 35% in early trading today (3 October) after it reported a 193.9% fall in half-year profits, marking a loss of £23m.

    The decrease in profits for the 28 week period ending 10 August 2019 was largely due to an exceptional costs of £17.4m. It said this was incurred as a result of actions taken to strengthen the brand, and included £11.8m in respect of the restructure of the legacy Asia businesses and £3.5m in relation to the footwear acquisition in January 2019.

    Additionally, group revenue decreased by 7% to £303.8m and retail sales including e-commerce was down 2.5% to £214.5m.

    The retailer said it was a challenging half, and that trading conditions have been characterised by “unprecedented and sustained” levels of promotional activity across the sector with, in several cases, “distressed” discounting from brands and retailers and heightened competition.

    CEO Lindsay Page said: “We are continuing to pro-actively manage the significant challenges impacting our sector including weak consumer spending, macro-economic uncertainty, and the accelerating channel shift towards e-commerce.

    “However, we are not immune to these pressures which have impacted our financial performance during the first half of the year.”

    She added: “We remain actively focussed on cost control and driving further efficiencies.  Despite the structural challenges and cyclical pressures on the industry, we remain confident in Ted Baker’s ability to navigate the market and further develop as a global lifestyle brand.

    “This confidence remains underpinned by the group’s flexible, omni-channel model, the continuing strength of the brand, and the skill, passion and commitment of our talented teams worldwide.”

    SendSendShare16Tweet10

    TRENDING COMMENT

    Turning savvy shoppers into loyal customers
    Comment

    2020 retail predictions

    by Lewis Catchpole
    December 12, 2019
    Hacking
    Advice

    Preventing seasonal staff from becoming the Nightmare Before Christmas

    by Lewis Catchpole
    December 11, 2019
    Load More

    The SME Files

    Businesses are sitting on £115bn and waiting to splurge

    Businesses are sitting on £115bn and waiting to splurge

    December 12, 2019

    Small business owners dip into personal wealth to survive? Of course they do

    December 11, 2019

    Want to know who will win the election? Watch the pound

    December 10, 2019

    The Lib Dems want to abolish business rates, but don’t hold your breath

    December 9, 2019

    LATEST NEWS

    Dixons Carphone profits drop 60% in half-year results

    Dixons Carphone profits drop 60% in half-year results

    December 12, 2019
    M&S strategy director to lead Ocado Retail following deal completion

    Ocado sees sales slow in Q4

    December 12, 2019
    Year-on-year decline in number of retailers using Amazon

    Homebase rated ‘worst’ online retailer in the UK for 2019

    December 12, 2019
    Superdry profits slump in half-year results

    Superdry profits slump in half-year results

    December 12, 2019
    Co-op to open 30 new stores in lead up to Christmas

    Co-op to open 30 new stores in lead up to Christmas

    December 11, 2019

    Drop us a line

    Contact us

    Address

    160 Fleet Street, London EC4A 2DQ

    Telephone

    020 3350 1300

    Email

    customers@mulberrymedia.co.uk

    Website

    www.mulberrymedia.co.uk

    Mulberry Media is an independent business media company, producing premium content for business audiences.

    Other Mulberry titles

    Copyright © 1997 – 2019 Mulberry Publications Ltd. All right reserved.

    No Result
    View All Result
    • All News
    • High Street
    • Online
    • Economy
    • Comment
    • Archives
    • Network
    • Contact
    • Media Information

    Copyright © 1997-2019 Mulberry Publications Ltd. All rights reserved.