Ted Baker has recorded an impressive 11.3% revenue increase in its first quarter, shrugging off apprehensions of a high street slowdown.
The fashion retailer noted that store sales rose by 12.7%, while online sales soared by 32.3% as it celebrated the strength of its brand in “challenging external trading conditions”.
During the period, Ted Baker also expanded its international reach, opening sites in Beijing, Ottawa and Seattle, as well as additional concessions in France, Spain, Germany and Japan.
“These results demonstrate the strengths of the brand. We are very pleased with the response from our customers over this period and remain well positioned to deliver our expectations for the full year” said Ted Baker Founder and Chief Executive Ray Kelvin.
The fashion house remains on track to meet full year expectations.