- Fashion retailer Ted Baker warned on profits after 'extremely difficult' trading conditions limited its sales growth in the year to date to 3.8%.

Underlying pre-tax profit for the year through 25 January was now expected to be in the range of £50m to £60m, the company said.

In the previous year, the company posted a pre-tax profit excluding exceptional items of £63m.

On a constant currency basis, sales for the 19 weeks through 8 June had risen 1.9%.

'The performance reflects difficult and unpredictable trading conditions, unseasonable weather experienced across North America in the early part of the period and the highly promotional retail environment across our global markets,' Ted Baker said.

'We also experienced some challenges with our Spring/Summer collections and these have been appropriately addressed.'

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