Ted Baker reports increased sales as it eyes international expansion
Retail sales in the period were 12.3% higher than the same period last year as the group grew its average retail square footage by 7.2% to 237,446 sq ft.
Wholesale sales were 4.7% below the same period last year due to the phasing of sales between the first and second half of the financial year. However, the group said it expected its wholesale sales for the full year to be 12% ahead of last year.
The group continued its new store opening programme during the period which included the relocation of its Bicester Outlet Village and Bluewater shopping centre stores to larger units. It also opened a new store in San Diego in the US and plans to launch its first stores in Tokyo and Beijing next year.
Commenting on the results, Ray Kelvin CBE, founder and chief executive said: "The Group has delivered a strong result over the period. Our collections continue to be well received across our domestic and international markets.
"We continue to expand the brand into new territories, whilst maintaining our focus on design, quality and attention to detail, the core strengths which underpin the Ted Baker brand."
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