Ted Baker has taken steps to rationalise its supplier base, cutting out over 50 of them for its Spring Summer 2021 collection. It will now work with under 100 suppliers as it seeks to improve its negotiating power and improve margins. It hs also tightened its stock buying cycle from three years to two, along with a reduced buy and has achieved improved payment terms. Back in January, Ted Baker hit the headlines when it was found that the value of its inventory had been overstated by £58 million.
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