Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Mixed fortunes for Ted Baker

Group sales at premium branded business Ted Baker rose 1.8% for the 13 weeks to November 8 but wholesale sales fell 21%.

Retail sales were up 13.3% on the same period last year, boosted by openings in the Bristol Cabot Circus and Liverpool One shopping centres and two stores in Westfield London in White City, which grew Ted Baker’s retail space by 17.1% in terms of square footage.

The business said sales during the period had been affected by the economic uncertainty and by unseasonably warm weather. Analysts said like-for-likes had fallen by around 4%. Shares were down 17p to 300p. Chief executive Ray Kelvin said the market was tough but that meant there would be opportunities next year.

Shares in tailoring retailer Moss Bros finished the week up 12.5p to 28.25p, after Arcadia owner Sir Philip Green last week bought a 28% stake in the company via the Green family investment company Warbeck, fuelling speculation that he was preparing to buy the rest of the company.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.