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Ted Baker maintains growth despite ‘challenging’ conditions

Ted Baker has achieved growth across all metrics for the 28 weeks ended 13 August, with group revenue rising by 14.4% to £259.5m and UK and Europe retail sales up 8.5% to £131.2m.

Ted Baker autumn 16

Ted Baker autumn 16

North American retail sales rose by 28.7% to £51.1m compared with the same period last year, while retail sales in Asia increased by 15.8% to £8.8m.

Ecommerce sales grew by 29% to £29.7m, wholesale sales by 16.7% to £68.4m and license income by 23.2% to £7.9m during the period.

The brand opened two stores in the US, one in Canada and one in China, and a new outlet in Canada in the six month period.

It also opened new concessions with department stores across the UK, Europe and Asia, as well as licensee store openings in Azerbaijan, Egypt, Mexico, South Africa, Taiwan and Vietnam.

“Ted Baker continues to perform well across all distribution channels despite challenging trading conditions across our markets,” said founder and chief executive Ray Kelvin.

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