Ted Baker set to buck retail woes with higher profits



Fashion chain Ted Baker is expected to buck woes among retail rivals when it posts half-year results tomorrow, showing higher profits and sales.
The group, which began life in 1988 with a store in Glasgow, said retail sales rose 10.3 per cent on a constant currency basis in its first quarter, while online transactions rocketed 32.3 per cent and interims are expected to show another robust performance.
Analysts at Goldman Sachs are expecting a 13 per cent hike in first half pre-tax profits to £20 million and for retail sales to have risen by 9.3 per cent.
READ MORE: Ted Baker shrugs off high... read more

 
10 October 2016 in Business, Views: 56
Source: Scotsman
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