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Ted Baker, the UK-based clothing retailer, said its second-quarter revenue rose 3.4 percent year over year.
The fashion group cited 20.4 percent higher same-store sales for the revenue growth.
However, compared to the second quarter of 2020, same-store sales were down 28.3 percent.
The retailer’s online revenue has been hit hard. Online revenue declined by 13.2% due to challenges arising from the launch of the new e-commerce platform.
Notably, Ted Baker shareholders will vote on a £211 million deal with Authentic Brands on September 29. The transaction is expected to close in the fourth quarter of this year.
Also read: Authentic Brands Group agrees to buy Ted Baker for 211 million pounds
The London-based clothing retailer, known for its dresses, shirts and skirts with stunning details, generated £617.4 million in 2019.
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