Fashion brand Ted Baker has revealed that its retail sales grew 15.4% and 6.7% in constant currency, driven by online sales growth of 30.3% which itself accounted for 15.6% of total retail sales.
As the company continue to grow, with its average retail square footage rising by 8.8% to 383,330 sq ft, the retailer continues to expand internationally with stores opening in Calgary, Miami and Atlanta, as well as numerous concessions opening in first-class department stores in Japan, Spain, Germany and China, plus relocations of stores in Hong Kong and New York.
Other figures show that wholesale sales for the period rose 13.2% due to decent performances from the retailers UK and North American businesses and stay positive that they will make further progress for the full year, however that will depend on the important Christmas period.
Found and chief executive of Ted Baker, Ray Kelvin, commented: "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.”