Ted Baker sales soar
Ted Baker sales grew 14.2 per cent in the 19 weeks to June 10, party driven by international expansion.
During the quarter, the lifestyle fashion retailer opened new stores in Los Angeles, Paris, and Shanghai, its first Dutch outlet in Roermond and further concession openings in premium department stores in France, Germany, Japan, South Korea, the Netherlands and the UK. Stores in Miami Aventura and Tokyo were relocated.
Currency also impacted on the result: sales rose by a more modest 8.4 per cent when measured in constant currency. E-commerce sales rose 35.9 per cent and wholesale sales by 13.8 per cent (8.9 per cent in constant currency).
Ray Kelvin CBE, founder and CEO, said the continued good performance across all distribution channels reflects the strength and appeal of Ted Baker as a global lifestyle brand.
“The continued expansion of the brand remains underpinned by an unwavering focus on quality and attention to detail as well as the passion, skill and dedication of our team.”