Fashion retailer Ted Baker has posted a 26.1 % drop in full year pre-tax profit to £50.9 million after facing difficult trading conditions in some of its markets. The company said its performance in the year to 26 January was impacted by competitive discounting in the retail sector, consumer uncertainty and unseasonable weather in its global markets at different times during the year.
Group revenue rose by 4.4% to £617.4 million while retail sales climbed by 4.2% to £461 million. Sales in the UK and Europe increaed by 4.6% while sales in North America and Ted Baker’s rest of the world business both climbed by 4.7%.
