Ted Baker mulls overseas push after 9% sales rise

The retailer, which is also running concessions in seven Bloomingdale’s stores in the US and may increase the number to 30, reported in a trading update that it has been encouraged by the performance of department store concessions so far.

Ted Baker posted a 9.4% rise in retail sales in the 19 weeks to June 11.

Founder and chief executive Ray Kelvin said: “Our collections have been well received across our international markets as we continue to expand into new territories.”

He intends to open new stores during the second half in countries including New Zealand and the US, and a first store in mainland China.

Singer analyst Matthew McEachran thought there might be scope for a re-rating of the retailer’s shares later in the year.

He said: “The core UK business is outperforming and there are some interesting developments overseas that support our generally positive stance.”