Ted Baker in rude health as first-half sales soar to £296m

Ted Baker has brushed off any fears over economic uncertainty by reporting a 14% rise in half-year sales to £296m.

UK and European revenues were up 11% during the six months to August 12, as the company continued its expansion with two new stores in the US and additional sites in the UK, China and France.

Licencee openings took place in Australia, Dubai, Kuwait, Lebanon, Mexico, Qatar, Saudi Arabia and Turkey.

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Ray Kelvin, founder and chief executive of Ted Baker, said the brand has continued to perform well and in line with its expectations across all distribution channels.

“This good performance reflects the strength and appeal of the Ted Baker brand, our business model and the passion, creativity and innovation of our global teams.

“We have a clear strategy for the development of the brand across both established and newer markets and this remains underpinned by the focus on design, quality and attention to detail that is at the core of everything we do.”

Mr Kelvin said the brand was dedicated to the long-term development of the Ted Baker brand and are continuing to invest in its infrastructure and people to support its future growth.

“Whilst trading conditions in some of our markets remain challenging, we are confident of making further progress for the full year, in line with our expectations,” he said.



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