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Ted Baker made a loss of more than £100m in the first pandemic year as revenues at the fashion retailer plunged.
Ted Baker went into the pandemic highly dependent on struggling physical stores, including its own shops and concessions operated in department stores. Lockdowns around the world severely hit those revenues, and government furlough support worth £8.5m was not enough to make up the difference.
Madeline Holcombe has been covering Covid in the US for CNN, and this morning she reports on worries that Covid variants could cause outbreaks in states with lower vaccination rates. She writes:
Currently 10% of Covid-19 infections in the US can be attributed to the Delta variant, but that proportion is doubling every two weeks, said Scott Gottlieb, a former commissioner of the US Food and Drug Administration.
That may not mean a sharp uptick in infections across the country, which has administered more than 309 million doses of Covid-19 vaccine, but specific regions are at risk, he said.
Read the original article at The Guardian