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Asharq Al-Awsat
Asharq Al-Awsat
Lifestyle
Asharq Al-Awsat

Fashion Brand Ted Baker H1 Loss Widens as Virus Hits Retail Sales

FILE PHOTO: Shoppers walk past a Ted Baker store on Regents Street in London, Britain December 17, 2018. REUTERS/Simon Dawson/File Photo

British fashion retailer Ted Baker on Monday posted a bigger half-yearly loss, Reuters reported.

This came as coronavirus-led restrictions hit store sales, even as the company’s online business registered a strong performance.

The company said pretax loss widened to 39 million pounds ($52.23 million) in the six months ended Aug. 8, from 2.7 million pounds a year earlier.

Ted Baker is known for suits, shirts and dresses with quirky details.

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