Ted Baker sales stay strong despite “challenging” conditions

Ted Baker has posted a 14.8% jump in third-quarter group sales despite continued “challenging trading conditions”. Sales were boosted by the London-based fashion retailer’s continued overseas expansion, strong ecommerce and wholesale sales, and its retail performance.

Ted Baker stores were opened in Atlanta, Miami and Calgary and concessions launched in department stores in China, Germany, Japan and Spain.

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Ecommerce sales jumped 30.3%, or 25.9% on a constant currency basis.

Retail sales in the 13 weeks to November 12 leapt 15.4%, or 6.7% on a constant currency basis. This came despite “on-going external factors” continuing to hit trading, the company said. A like-for-likes sales figure was not disclosed.

Average retail square footage rose by 8.8%.

Founder and chief executive Ray Kelvin said: “The brand continues to perform well despite challenging trading conditions and we remain focused on the long-term development of Ted Baker as a global lifestyle brand.

“Our continued growth and development reflects the strength of the brand, our business model and our unwavering focus on product quality and design, underpinned by the skill, innovation and passion of our teams globally.

He added: “The reaction to our collections has been very encouraging, however, the group’s full-year results will, as always, be dependent on trading conditions over the important Christmas period.”

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