Ted Baker has posted a third-quarter sales rise, despite tough trading conditions in some of its markets.
Ted Baker recorded a 7.3% increase in group revenues over the period. At constant currency rates the rise was 8%.
Retail sales increased 4.6%, or 5.1% in constant currency, in the period to November 11. Ecommerce revenues soared 30.5% to account for 19.2% of total retail sales.
Wholesale turnover increased 14.2% (15.4% in constant currency) “reflecting good performances from both our UK and North American businesses”.
Ted Baker chief executive Ray Kelvin said: “The business has continued to perform well and develop in line with our expectations, reflecting the strength of the brand and the quality of our collections.
“The continued growth in the period, despite challenging trading conditions across some of our global markets, has again been underpinned by our business model and the unwavering focus on product quality and design that are central to everything we do.”
He said that there had been a good reaction to Autumn/Winter collections and was confident that Ted Baker would meet full-year expectations.
During the quarter, Ted Baker’s retail square footage rose by 5.6% to 404,864 sq ft. As well as a store in Oxford, Ted Baker opened more concessions in upscale department stores in Canada, Germany and the UK.