Ted Baker (TED)

Sector:

Retailers

Index:

FTSE Small Cap

70.90p
   
  • Change Today:
    -1.70p
  • 52 Week High: 872.08
  • 52 Week Low: 65.90
  • Currency: UK Pounds
  • Shares Issued: 184.59m
  • Volume: 941,948
  • Market Cap: £130.87m
  • 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 70.90p
Change Today -1.70p
% Change -2.34 %
52 Week High 872.08
52 Week Low 65.90
Volume 941,948
Shares Issued 184.59m
Market Cap £130.87m
RiskGrade 273

Ted Baker Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.50% above the market average55.50% above the market average55.50% above the market average55.50% above the market average55.50% above the market average
13.04% above the sector average13.04% above the sector average13.04% above the sector average13.04% above the sector average13.04% above the sector average
Price Trend
98.85% below the market average98.85% below the market average98.85% below the market average98.85% below the market average98.85% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
25.74% above the market average25.74% above the market average25.74% above the market average25.74% above the market average25.74% above the market average
12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average
Growth
90.83% below the market average90.83% below the market average90.83% below the market average90.83% below the market average90.83% below the market average
91.3% below the sector average91.3% below the sector average91.3% below the sector average91.3% below the sector average91.3% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 3
Sell 0
Strong Sell 1
Total 7
buy
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 07-Aug-2020

Time Volume / Share Price
17:09 10,000 @ 70.90p
16:35 22,023 @ 70.90p
16:29 602 @ 70.20p
16:29 26 @ 70.15p
16:29 303 @ 71.05p

Ted Baker Key Personnel

CEO Rachel Osborne
CFO David Wolffe

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