Ted Baker shrugs off high street slowdown as sales rise

Fashion retailer Ted Baker unveiled an 11.3 per cent rise in first-quarter revenues as it shrugged off concerns about a slowdown in the high street.

Ted Baker delivered a rise in first-quarter sales. Picture: Contributed

The company – which began life in 1988 with a store in Glasgow – said in a trading update that retail sales rose 12.7 per cent, while online ­transactions surged 32.3 per cent, as it hailed the strength of its brand in “challenging” trading conditions.

Ray Kelvin, founder and chief executive of Ted Baker, said: “We are very pleased with the response from our customers over this period.”

The retailer extended its reach over the period, opening stores in Beijing, Ottawa and Seattle and further concessions in France, Germany, Japan and Spain.