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Ted Baker Q4 sales plunge 47% on closures, muted Christmas

Feb 11 (Reuters) - Ted Baker on Thursday reported a 47% fall in fourth-quarter revenue, as the struggling fashion retailer’s stores in Britain were shut during the latest coronavirus lockdown and due to weak demand during the Christmas season.

The company, known for suits, shirts and dresses with quirky details, said it now assumes that its UK stores will remain closed until the end of May, followed by a gradual recovery over the rest of the first half. (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Krishna Chandra Eluri and Shounak Dasgupta)

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