Ted Baker (TED)

Sector:

Retailers

Index:

FTSE Small Cap

160.90p
   
  • Change Today:
      20.90p
  • 52 Week High: 1,608.00
  • 52 Week Low: 100.00
  • Currency: UK Pounds
  • Shares Issued: 44.59m
  • Volume: 176,534
  • Market Cap: £71.74m
  • RiskGrade: 273

Ted Baker announces cost cuts and lay-offs in first phase of transformation

By Alexander Bueso

Date: Wednesday 26 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Ted Baker unveiled the first phase of its transformation programme centred on profitability, cost and a more effective use of its resources.
Following the operational review announced in December, it had already moved to "de-layer" the organisation, cutting the number of members on its executive committee from 13 to 9 and now it would reduce 102 roles and remove a further 58 posts which had been vacant.

That was expected to yield cost savings of ?5.0m in the current financial year, and of ?7.0m on an annualised basis, albeit at the expense of a ?2.7m restructuring charge which it would incur in 2020.

Acting chief executive officer, Rachel Osborne, said: "The changes we are announcing today are difficult because colleagues across the business have been working hard in what has been a challenging period for Ted Baker.

"[...] The Board and I believe that we will only realise Ted's long-term potential by transforming the way the business operates and the actions we are announcing today are important steps in that transformation."

More details of the group's strategic priorities and transformation programme would be provided alongside its full-year results in May.

The company also said the board was confident in its ability to create a " more commercial, agile, fast-paced, effective and simple organisation."

Other goals outlined in its transformation programme included deepening customer relationships, revitalising the brand, increasing the relevance of its products, boosting its e-commerce position, and optimising its distribution channels to support geographical expansion.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Ted Baker Market Data

Currency UK Pounds
Share Price 160.90p
Change Today 20.90p
% Change 14.93 %
52 Week High 1,608.00
52 Week Low 100.00
Volume 176,534
Shares Issued 44.59m
Market Cap £71.74m
RiskGrade 273

Ted Baker Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.67% above the market average93.67% above the market average93.67% above the market average93.67% above the market average93.67% above the market average
65.96% above the sector average65.96% above the sector average65.96% above the sector average65.96% above the sector average65.96% above the sector average
Price Trend
97.42% below the market average97.42% below the market average97.42% below the market average97.42% below the market average97.42% below the market average
96.08% below the sector average96.08% below the sector average96.08% below the sector average96.08% below the sector average96.08% below the sector average
Income
73.13% above the market average73.13% above the market average73.13% above the market average73.13% above the market average73.13% above the market average
54.29% above the sector average54.29% above the sector average54.29% above the sector average54.29% above the sector average54.29% above the sector average
Growth
59.87% below the market average59.87% below the market average59.87% below the market average59.87% below the market average59.87% below the market average
9.80% above the sector average9.80% above the sector average9.80% above the sector average9.80% above the sector average9.80% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 5
Sell 0
Strong Sell 1
Total 6
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ted Baker Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Oct-19 16-May-19
Paid 22-Nov-19 21-Jun-19
Amount 7.80p 40.70p

Trades for 09-Apr-2020

Time Volume / Share Price
08:50 32 @ 163.10p
08:50 3,196 @ 163.24p
08:49 1,500 @ 163.20p
08:49 7,000 @ 165.46p
08:48 35 @ 159.90p

Ted Baker Key Personnel

Finance Director Charles Anderson
CEO Rachel Osborne

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