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Ted Baker sales increased as consumers are back to shopping

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As offices and social gatherings are getting back to routine now, people are heading towards fashion stores to add new aesthetic costumes to their wardrobes. Ted Baker, a famous fashion retailer, has witnessed an increase in sales as customers are back to buy clothes after months of Covid restrictions. The brand’s wholesales and licensing sales upsurged by 50% as compared to the previous year’s sales of formal clothing.

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Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. Our weekly newsletter covers global innovations and disruptions in CG industry.

ConsumerGeniuses is managed by IndustryGeniuses (A place where industries meet innovation). We are rolling out content platforms for the world’s hottest industries such as Food & Grocery Retail, Consumer Goods and Healthcare. For each of these key industries, we support Tech Startups and Industry Disruptors as they roll out next generation digital initiatives.

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