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Ted Baker Q3 sales rise 20.5%

Ted Baker increased sales by 20.5% for the 13 week period ended November 14, compared with the same period last year.

Ted Baker

Ted Baker

Ted Baker autumn 15

Retail sales were up by 18.1% as retail space grew 7% and was helped by a customer event at the end of the period which fell a week later last year, while wholesales rose by 27% driven by strong performance in the UK and North America.

The group said the good performance was achieved despite a more challenging environment in some of its international markets.

Both retail and wholesale gross margins were in line with expectations, it said.

Online sales were up by 74.3%, which also benefited from the earlier customer event.

During the three month period, Ted Baker opened stores in Stansted Airport, Amsterdam, Hawaii, Malibu and Toronto, as well as opening concessions in premium department stores in Germany, Ireland, Spain, North America and South Korea.

“The reaction to our autumn 15 collections has been very encouraging, however, the group’s full year results will be dependent on trading conditions over the important Christmas period,” said founder and chief executive Ray Kelvin.

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