Ted Baker warns on full-year; hit by weak demand, hefty discounting

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Ted Baker warns on full-year; hit by weak demand, hefty discounting
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Ted Baker Plc on Thursday warned yet again that its full-year profit would be hu...

FILE PHOTO: Shoppers walk past a Ted Baker store on Regents Street in London, Britain December 17, 2018. REUTERS/Simon Dawson/File Photo

The company, which installed new executives recently, posted a first-half pretax loss and cautioned that second-half results would be lower if the hurdles persist. Shares of the company are seen opening 5% to 20% lower, according to premarket indicators by traders.

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