Fashion retailer Ted Baker has announced an annual pre-tax profit rise of 20%, boosted by its international performance. In the year to 30 January, total group revenue rose by 17.7% to £456.2 million while retail sales climbed by 13.5% to £348.4 million.
Sales in the UK and Europe rose 8.9%, although performance was much better in the US and Canada, where sales rose 27.3%.
Ray Kelvin, founder and chief executive of Ted Baker, said: "We have again traded very well - despite an uncertain backdrop in some of our markets - which is testament to the strength of the Ted Baker brand as well as our unwavering focus on quality, design and attention to detail.
“We have further developed the brand's presence across international markets including first store openings in Amsterdam, Azerbaijan, Hawaii, Mexico and Qatar and we have new openings planned across our markets in the year ahead.”