Wholesale figures fall
Fashion retailer Ted Baker's group sales jumped 6.4 per cent in the 19 weeks to June 9, despite a challenging wholesale market.

Retail sales rose 12.9 per cent, with strong spring and summer collections driving growth. The group also launched its first standalone store dedicated to womenswear at Covent Garden in early May.

However, wholesale sales dipped 6.7 per cent and the group said that conditions have remained difficult for a number of its wholesale customers. It expects the growth of retail sales and licence income to exceed that of wholesale sales during the year.

The retailer said its product and territorial licences continue to trade in line with expectations and it opened three licensed stores in Dubai, Kuala Lumpur and Taiwan, taking its total to nine stores with partners Li and Fung and RSH.

Ted Baker chief executive Ray Kelvin said: 'We are pleased to report that trading across the group has been in line with our expectations. We remain dedicated to the careful global expansion of the brand in the Far East and Asia through our licence partners and we plan to open stores in Dublin and Brighton in the second half of the year. While the results for the full year will, as always, be dependent on trading in the second half of the financial year, the board remains confident of another successful outcome for the year.'