Source - SMW
Ted Baker posted a large rise in sales over the Christmas trading period as more people visited its stores and it opened new outlets abroad.

Retail sales for the eight weeks between November 12 and January 6 rose by 9.0%. 

On a constant currency basis, sales rose 10.5%.

E-commerce sales increased by 35.0% and represented 30.1% of total retail sales.

Average retail square footage rose by 5.9% to 409,226 square feet and the group opened new stores in Montreal and an additional store in each of Malaysia, Mexico and Qatar.

Gross margins were in line with expectations and the company said it expected to end the year with a clean stock position.

"The Ted Baker brand has continued to perform in line with expectations over the Christmas period, delivering a good retail performance driven by particularly strong growth from e-commerce, which is an increasingly important part of our retail business," chief executive Ray Kelvin said.

"Whilst external trading conditions are expected to remain challenging in the year ahead, the strength of our brand and business model means that we remain well positioned to continue the long-term development of Ted Baker as a global lifestyle brand."



 






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