Ted Baker cautious as economy remains unsteady

A prominent English designer, Ted Baker, said that trading has gone down in the past two weeks.

According to the Financial Times, Ray Kelvin, founder and chief executive, said: “We remain understandably cautious about trading in the second half of the year.

The brand began in 1988. They have stores in 17 countries, though the United Kingdom accounts for 80 percent of their sales. The American credit crunch and economic downturn may be crossing the Atlantic, with stock prices in both European and Asian stock markets plummeting today.