Ted Baker posts 10.1 percent rise in Christmas sales

Ted Baker has announced a 10.1 percent or 10.6 percent constant currency increase in retail sales for the eight week period from November 15, 2015 to January 9, 2016, compared to the equivalent dates last year. Average retail square footage rose by 7.5 percent over the period.

Commenting on trading, Ray Kelvin CBE, Founder and Chief Executive said: “The Ted Baker brand has performed well over the Christmas period against a tough trading backdrop. We continue to invest across international markets for the further development of Ted Baker as a global lifestyle brand.”

The company continued its expansion continued during the period with additional concessions in the UK, France and Spain and a new store opening in California. Licence partner openings included a new outlet in each of Melbourne and Sydney, a new store in Saudi Arabia and a new concession in Mexico. E-commerce business posted 39.1 percent rise.