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

Ted Baker profits soar 24%

Profits before tax and exceptional items at Ted Baker increased by 24% to £14.4m, for the 28 weeks to August 9 as international and UK sales delivered a “strong performance”.

Total sales were up by 17.4% to £182.2m over the same period.

Retail sales including online rose by 14.8% to £140m while wholesale sales increased by 26.8% to £42.1m.

UK and European retail sales were up 15.1% to £105.4m, sales in the US and Canada increased by 13.8% to £28.9m and in Asia retail sales were up 16% to £5.8m.

Online sales increased by 48.9% to £14.0m.

During the half Ted Baker opened two new stores in the UK, and a new store and outlet in both France and the US. It also launched an undisclosed number of new concessions with department stores in the US, Europe and Asia.

Ted Baker’s license partners opened stores in Dubai, Egypt, Saudi Arabia and Australia.

Ray Kelvin Ted Baker chief executive said further international development was planned for the second half of 2014.

“We have successfully opened new space in our international markets, with further planned for the second half of the year in line with our strategy to focus on expansion opportunities that are appropriate for our brand. Whilst our results for the full year will be dependent on the more weighted second half, we continue to look forward with confidence as we further develop Ted Baker as a leading global lifestyle brand.”

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.