Ted Baker sales jump 18% in first quarter

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Fashion brand Ted Baker today said revenues rose almost 18 per cent during its first quarter, pushed higher by store openings and rising internet sales.

The group opened branches in Glasgow – where it began life in 1988 with a single shirt store – Heathrow Terminal 2 and Philadelphia, along with a number of overseas concessions.

Internet sales during the 19 weeks to 7 June surged 48.1 per cent, helping total revenues for the period rise 17.9 per cent.

Founder and chief executive Ray Kelvin said: “The Ted Baker brand has continued to perform very well and we have delivered further progress across our global markets and distribution channels.

“We are pleased with the performance of our spring/summer collections both in the UK and internationally, which is testament to our skilled and passionate team.”