Ted Baker quarterly sales grow 24%

Ted Baker maintained its pattern of strong revenue growth, with the UK retailer citing continued international and online expansion as the reason for a 24 per cent boost to its latest quarterly sales.

The FTSE 250-listed group’s clothing lines, featuring classic cuts with sharp detailing and bright prints, have proved successful despite heavy industry promotions and shoppers maintaining a close watch on spending during the downturn. Demand is also growing abroad as the company expands across Europe, Asia and North America.

Ted Baker, which trades from 414 stores and concessions globally, said yesterday that retail sales for the 18 weeks to June 6th had grown 18.9 per cent, with a particularly strong start to the season in the US. Its shares have gained 28 per cent since the start of this year.

An earlier than expected seasonal spike in North American shopper traffic triggered some orders being brought forward, leading to a surge in wholesale orders of 38 per cent at constant currency rates. Copyright The Financial Times Limited 2015