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Ted Baker, Perry Ellis and Esprit lead markets

By FashionUnited

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Ted Baker released its figures for the third quarter, showing

particularly happy with its domestic performance. However, the British fashion retailer conceded the credit of the 22 percent sales surge in the 13 weeks to November 10 on shop openings in department stores in mainland Europe and abroad.

Ted Baker said its e-commerce business had continued to perform well, while there was also a 14.2 percent increase in sales from its wholesale business, which supplies Ted Baker products to other shops.

Jean Roche, analyst at Panmure Gordon, said the strengthening of Ted Baker's core UK business with the brand's international potential was a "killer combination,” reported Reuters. The retailer also plans to open its first shop in Toronto in Canada and further shops in Shanghai in the coming months.

Ray Kelvin, founder and chief executive of Ted Baker, said he was "very encouraged" by the reaction to the brands and collections in new markets, but warned the group's full year results would be dependent on trading over the key Christmas period.

At the other shore of the Atlantic, Florida-based Perry Ellis International’s shares soared Thursday after it beat analysts' expectations, even though it reported lower third-quarter profits and revenue, published the ‘Florida Business Journal’.

Perry Ellis (NASDAQ: PERY) shares were up 2.32 dollars, or 12.98 percent, to 20.20 dollars in late-afternoon trading. The stock reached its 52-week high of 23.28 dollars on Sept. 21 and its 52-week low of 12.22 on Nov. 21. The stock has added 26 percent up to the date in 2012.

Finally, in Asia, Esprit Holdings surged by 22 per cent to finish at 12.96 Hong Kong dollars after its ex-chairman increased his stake in the apparel producer to 10.33 per cent from 5.99 per cent.
FashionUnited