Ted Baker Q3 revenue up 24.4 percent

REPORT_ For the third quarter Ted Baker saw a 24.4 percent

increase in group revenue compared to the same period last year. Gross margins were in line with last year’s.

Retail sales for the period increased 19.8 percent and average retail square footage rose by 11.4 percent. Wholesale sales for the period increased 40.8 percent. The period also benefited from an improved performance in the UK, with the US wholesale business continuing to perform well. The group expects wholesale sales for the full year to be some 25 percent ahead of last year.

Ted Baker is a British lifestyle brand. Its collections include men’s wear, women’s wear, lingerie, footwear, watches and jewelry. Ted Baker has 341 stores and concessions worldwide. Further store openings are planned for the coming months. “The group has delivered a continued strong performance across all channels,” said Ray Kelvin CBE, founder and chief executive. “The reaction to our Autumn/Winter collections across all our international markets has been very encouraging. However, the group's full year results will be dependent on trading over the key Christmas period.”