Ted Baker says 38% of global retail sales hit by coronavirus

(Reuters) - Troubled fashion retailer Ted Baker Plc said on Friday it has shut businesses that accounted for about 38% of its global retail sales in 2020 due to the coronavirus outbreak. It has closed 197 retail stores and concessions out of 416 locations globally with full shutdown in the United States, Canada, France, Spain, Germany, Portugal and Belgium.In other markets, the retailer said it was facing reduced trading hours, but added it was too early to provide a guidance for financial..