Ted Baker reports 17.9% uplift in group sales

Retail sales were up 15.8% and average retail square footage rose by 9.5% to 323,872 sq ft.

Ted Baker’s ecommerce business, which benefited from a new platform, saw sales lift 48.1%.

In the period, Ted Baker opened two shops in Glasgow and Heathrow Terminal 2.

It continued its expansion in the US with a shop in Philadelphia, two concessions in a department store and a further outlet in California.

Ted Baker also opened further concessions in Spain, France and the Netherlands, and an outlet in Paris. In Asia, it opened two concessions in a department store in Tokyo.

Wholesale sales in the period were up 25.2%.

Gross margins were in line with expectations.

Ted Baker founder and chief executive Ray Kelvin said: “The Ted Baker brand has continued to perform very well and we have delivered further progress across our global markets and distribution channels.

“We are pleased with the performance of our spring/summer collections both in the UK and internationally, which is testament to our skilled and passionate team. Commitment to quality, design and attention to detail underpins everything we do and we remain focused on our strategy to further develop Ted Baker as a global lifestyle brand.”