Ted Baker Takes Drastic Measures to Cut Costs

Monday, 8 April 2024, 13:22

Ted Baker's decision to close 15 shops and lay off 245 employees, along with letting go of around 25 head office workers, reflects the company's strategy to reduce central costs. The move signals a shift in the retail sector as companies navigate challenges and prioritize efficiency in the face of evolving market demands.

Ted Baker to shut 15 shops and axe 245 jobs

Around 25 head office workers will also be made redundant in a bid to cut central costs

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.