Ted Baker (TED) has started the financial year with a stunning 18 per cent rise in sales in the first five months, which is impressive given that the British retailer was up against strong comparatives.
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Retail sales grew 16 per cent and average selling space increased by 9.5 per cent. This suggests that like-for-like retail revenue rose 9 to 10 per cent over the period. Online sales were 48 per cent higher and Ted continued to expand its geographical footprint with new stores in the UK, US, Spain, France, Holland, Tokyo and the Middle East. The wholesale business is also in rude health. Sales there grew by a quarter.
