Retailer Ted Baker posts underlying loss for pandemic-hit 2020 By Reuters

(Reuters) – Upmarket British retailer Ted Baker (LON:TED) on Monday (NASDAQ:MNDY) reported an underlying loss for the pandemic-hit fiscal 2021 and warned that its first-quarter revenue for the current year fell 20% due to coronavirus restrictions during the period.

The British company, which has had a number of operational and management setbacks over the past two years, reported an underlying pretax loss of 59.2 million pounds ($83.53 million)for the year ended January 30, compared to a 4.8 million pound profit the previous year.

($1 = 0.7088 pounds)