Fashion brand Ted Baker reported fast ecommerce growth in its latest quarter but warns challenging conditions are ahead.
Revenue across the UK and Europe rises by 8.5 per cent to £131 million as sales perk up despite difficult trading conditions.
Ted Baker reported full-year ecommerce sales of £53.5 million, 45 per cent up on the previous year. Online sales now account for 15.4 per cent of retail sales, up from 12 per cent over the same period in 2015.
Ted Baker has reported ecommerce sales up by 74.3 per cent, and retail sales growth of 18.1 per cent in the latest quarter of its financial year.
Ted Baker reported its latest interim results showing the results of its investment in mobile and ecommerce, with ecommerce sales up 63.3 per cent to £22.9m year on year. Retail sales overall were up just over 20 per cent.
Fashion retailer Ted Baker announced interim results with a 24.3 per cent increasing in Group revenue, driven by increased online sales of 46.9 per cent.