Ted Baker has revealed a 24% increase in group sales to £77.1m in the 13 weeks to November 9 after an “encouraging” reception to its autumn/winter range.
The quirky fashion retailer posted a 20% increase in retail sales to £58.1m during the period, according to an interim management statement posted today.
The retailer’s international march continued with the opening of further concessions in department stores in the US, the Netherlands, France, Spain and Germany, and it launched its first concessions in China in the period.
Wholesale sales for the period increased 41% to £19m following strong performances in the UK and the US.
Ted Baker also re-platformed its UK ecommerce website, which will allow it to tailor content to European markets.
Ted Baker chief executive Ray Kelvin said: “The group has delivered a continued strong performance across all channels, reflecting the strength of the Ted Baker brand, our collections and, above all, the dedication of our team.
“The reaction to our autumn/winter collections across all our international markets has been very encouraging, and we have further store openings planned for the coming months in Hong Kong and Gatwick South and three stores through our licence partners, two in the Middle East and one in Turkey.”
He added: “We are pleased with our continued strong performance to date, however, as ever, the group’s full-year results will be dependent on trading over the key Christmas period.”
Ted Baker finance director Lindsay Page added that consumer confidence has seen a “definite improvement”.
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