Ted Baker issues profit warning amid 'extremely difficult' trading on UK high streets

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Troubled retailer Ted Baker has warned over profits as sales slumped amid “extremely difficult” trading and woes with its spring and summer ranges. It said: “Ongoing consumer uncertainty in a number of key markets and elevated levels of promotional activity across our global markets have resulted in extremely difficult trading conditions during the financial year to date. “The board anticipates some of these external factors will continue to impact trade for the group and its trading partners across the remainder of the financial year.” Ted Baker's new boss, Lindsay Page, added that the group is now “relentlessly focused” on cutting costs to offset the trading difficulties. As a result, Ted Baker said it had launched a “refresh of its HR policies to ensure their alignment with current best practice”, but refused to comment on the specific allegations against Mr Kelvin.