Sales rise at Ted Baker

Retail sales at the quirky retailer and brand rose 12.3% in the 13 weeks to November 12 compared to the equivalent period last year.

Wholesale revenues fell 4.7% due to the phasing of sales between the first and second half of the financial year, but are expected to be 12% up for the full year.

Performance in the second half has been in line with internal expectations.

Ted Baker said it is pleased with the performance of its US stores, its new, larger relocated stores in Bicester Outlet Village and the Bluewater shopping centre in the UK as well as licensed stores in Asia and the Middle East.

Founder and chief executive Ray Kelvin said: “The group has delivered a strong result over the period. Our collections continue to be well received across our domestic and international markets.

“We continue to expand the brand into new territories, whilst maintaining our focus on design, quality and attention to detail, the core strengths which underpin the Ted Baker brand.”

Early next year Ted Baker will open its first stores in Tokyo and Beijing. A store on New York’s Fifth Avenue is due to open in the middle of next year.