Ted Baker news and archive

Lagging digitally, Ted Baker is reeling from a year of closed stores

Department stores, airport concessions and high street boutiques were once the strength of Ted Baker’s bottom line. But as the pandemic ravished the retail industry, companies like Ted Baker, without a solid digital first strategy, were the first to suffer. “If you set out to design a shop to do badly under coronavirus restrictions, you’d end up...

BusinessFeatured

Covid-19 hits Ted Baker's full year results, loss widens

In a preliminary results announcement for the 53 weeks ended January 30, 2021, Ted Baker plc reported group revenue down 44.2 percent or down 44.1 percent in constant currency to 352 million pounds. This decline, the company said was driven by the ongoing impact of Covid restrictions on trading globally. The company’s underlying loss before tax...

Business

Ted Baker secures bank refinancing

British luxury brand Ted Baker has signed an extension to its revolving credit facility with its existing lending syndicate. Under the new agreement, Ted Baker’s existing facility of 108 million pounds maturing in September 2022 and a restricted facility of 25 million pounds maturing in January 2022 will be replaced by a new facility of 90...

BusinessFeatured

Why luxury and premium British brands are prioritising the Chinese market

In an interview with FashionUnited, Sandrine Zerbib, founder of Shanghai-based and China-focused brand management and digital agency Full Jet, talks about how even if the Chinese market was already vital for British or more generally European luxury and premium brands prior to the covid-19 crisis, it has gained even more prevalence. China is...

Fashion

Ted Baker is first fashion brand to host series of talks on Clubhouse

Ted Baker is the first fashion label to host a series of regular talks on new audio drop-in platform Clubhouse. Every Wednesday at 7:30pm the London-based brand will host an audio room to discuss British culture and fashion with Abraxas Higgins, a former Wall Street exec and founder of 9AM in London. ”We see Clubhouse as an opportunity to...

BusinessFeatured

Ted Baker announces new territory licence deals

British fashion and lifestyle brand Ted Baker has entered into new territory license deals in the Middle East and North Africa and Indonesian as it looks to enhance its digital and asset-light growth. In the Middle East and North Africa, Ted Baker has extended its current agreement with the Al-Futtaim Group for retail, alongside new wholesale...

RetailFeatured

Ted Baker to enhance customer experience with live video shopping

Ted Baker has announced a partnership with Bambuser to launch live video shopping for customers in the UK, as part of its strategy to enhance its over customer experience. The new technology will allow Ted Baker to connect with thousands of consumers through interactive, shoppable live broadcasts on the retailer’s website. Users will be able to...

BusinessFeatured

Ted Baker Q4 sales fall, warns of 5 million pound Brexit hit

Ted Baker has reported a 47 percent dive in Q4 revenue linked to store closures during the UK’s third lockdown. The British fashion retailer said a fall in footfall when its stores were temporarily open and a drop in demand for outerwear and occasionwear during the Christmas period also took a toll on sales. For the quarter ended 30 January,...

Business

Ted Baker cuts 953 jobs

Ted Baker cut 953 jobs in the first half of the year as the pandemic took its toll on the business. In a statement accompanying the British luxury label’s latest trading results, published Monday, CEO Rachel Osborne called the decision “extremely hard but necessary”. “I would like to take a moment to reflect on the impact of our plan, as well as...

BusinessFeatured

Ted Baker's loss widens, turnover drops by 45.9 percent

Ted Baker plc said in a statement that the group’s performance was significantly impacted by Covid-19, which depressed demand in all territories and resulted in stores remaining closed for a significant proportion of the period. As a result group revenue decreased by 45.9 percent or 46.2 percent in constant currency to 169.5 million pounds for...

Retail

Ted Baker, Jigsaw, Phase Eight join #SaveShops campaign

Ted Baker, Jigsaw, Phase Eight and Mint Velvet are among the 16 British fashion companies participating in a #SaveShops campaign that aims to raise awareness of in-store services that support a safer shopping experience. Led by unified commerce specialist OneStock, the campaign hopes to help safeguard millions of retail jobs throughout the...

Retail

Ted Baker boosts online sales with ship-from-store initiative

Ted Baker has fulfilled an extra 101,000 online orders in one year following the implementation of a new ship-from-store initiative. The British label teamed up with omnichannel order management specialist OneStock last year for the initiative which sees a proportion of orders packed and shipped by stores. According to OneStock, Ted Baker’s...