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Ted Baker sales rise 11%

Ted Baker has increased sales by 11.3% for the 19-week period to June 11 compared with the same period last year, as it opened new stores in Beijing, Ottawa and Seattle.

Ted Baker spring 16

Ted Baker spring 16

Ted Baker spring 16

Sales from the group’s retail division were up by 12.7% on last year and retail square footage grew by 9.7% to 379,254 sq ft.

Ted Baker also opened concessions in premium department stores in China, France, German, Japan and Spain during the period, while new licence stores opened in Azerbaijan, Egypt, Mexico and Taiwan.

Ecommerce sales grew 32.3% and the firm launched its first language-specific website in Germany, reporting good early performance.

Wholesale sales grew by 7.3% and the company said it anticipated low double-digit growth in the wholesale business for the full year. The performance of the UK wholesale business was impacted by the timing of some deliveries but the North American division continued to perform well.

“These results demonstrate the strengths of the brand,” said founder and chief executive Ray Kelvin.

“Underpinned by our unwavering focus and passion across all of our products and distribution channels, the talent and dedication of our global teams continue to execute our multichannel growth strategy.

“We remain well positioned to deliver our expectations for the full year.”

 

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