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Tag: error

Ted Baker balance sheet error worse than feared as woes deepen | Business

The struggling fashion retailer Ted Baker has admitted that an accounting error was twice as big as initially thought, leaving it with a £58m hole in its balance sheet. Ted Baker appointed accountants from Deloitte last month to investigate after the company found that it had overestimated the value of its stock. The retailer’s preliminary …

Ted Baker balance sheet error worse than feared as woes deepen | BusinessRead More

Superdry warns of tough Christmas amid accounting error | Business

Superdry has warned of a difficult Christmas for retailers as the fashion chain fell into the red and confessed to a near-£4m accounting error. The company flagged an “isolated error totalling £3.9m” related to stock handling costs as it reported a first-half loss of £4.2m, down from a £26.4m profit a year ago. Sales slumped …

Superdry warns of tough Christmas amid accounting error | BusinessRead More

Ted Baker shares fall after it warns of £25m balance sheet error | Business

The struggling fashion chain Ted Baker has warned that it overestimated the value of its stock and appointed a law firm to carry out a comprehensive review. The retailer, which has a new finance director, estimates that the value of the inventory held on its balance sheet has been overstated by £20m to £25m, based …

Ted Baker shares fall after it warns of £25m balance sheet error | BusinessRead More