It has been reported that Ted Baker has seen a solid first half performance as its pre-tax profit increased 20.5% to £21.5 million in the 28 weeks to August 13th.
Group revenue rose by 14.4% to £259.5 million with retail sales increasing by 13.6% despite “challenging” external conditions. UK and Europe sales grew 8.5%, sales in North America were up 28.7% and sales in Asia increased 15.8%.
Figures also show that e-commerce sales grew 29.7% to £29.7 million.
Founder and chief executive at Ted Baker, Ray Kelvin, commented: “Ted Baker continues to perform well across all distribution channels despite challenging trading conditions across our markets. Our continued growth and development reflects the strength of the Ted Baker brand, our business model and the skill, innovation and passion of our global teams.”
The retailer has also opened two new stores in the US, one in Canada and China, as well as a new outlet in Canada. New concessions also opened in department stores around the UK, Europe and Asia, and licensee store openings in Taiwan, Vietnam, Mexico, South Africa, Azerbaijan and Egypt.
Kelvin added: “We remain firmly focused on the long-term development of the Ted Baker brand and are continuing to invest in our infrastructure and people to support the future growth of our business in both new and existing markets.”
