Ted Baker reports ecommerce up 74%

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.

In an interim management statement, the fashion and lifestyle brand said that group sales had grown by 20.5 per cent in the 13 weeks to November 14, despite a “more challenging trading environment” in some international markets. The extra lift in group sales came from 27 per cent growth in wholesale sales.

Ted Baker said it continued to expend overseas, opening new stores in Amsterdam, Hawaii, Malibu and Toronto as well as Stansted Airport and alongside concessions in department stores in Europe, North America and South Korea.

Ray Kelvin, founder and chief executive, said: “Ted Baker has continued to perform very well with further development of the brand internationally and across distribution channels. Underpinned by the skill and dedication of our team across the world, our unwavering focus on product quality and design and our continued investment across the business, we remain fully focused on the long-term growth of Ted Baker as a global lifestyle brand.”