Growth slowing at Ted Baker
FASHION label Ted Baker has continued to record sales growth, although at a slower rate than previously.
The company, which trades within Frasers and Jenners in Edinburgh, as well as at the Livingston Designer Outlet Centre, saw revenues rise by 1.8 per cent in the 13 weeks to November 8, compared to an 8.2 per cent rise in the 28 weeks to August 9.
Retail sales were up 13.3 per cent in the third quarter, compared with a 17.5 per cent rise in the first half, while wholesale sales were down 21 per cent, accelerating a first-half decline of 12.1 percent.
In a statement, the company said the fall was "partly due to the later phasing of deliveries, but also reflecting the challenging trading conditions being experienced by our customers".
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