A 13 per cent increase in retail sales has helped the revenues of designer fashion brand Ted Baker increase significantly, the company announced.
A keen interest in its autumn and winter clothing collections were cited, along with an online sales growth of 29.9 per cent following the launch of a ‘Click And Collect’ service.
The retailer said that revenues had increased by 17 per cent to £102.8m, with a rise of 12.5 per cent in first half profit reaching £8.5m.
It has also announced the launch of a branch in New York’s Fifth Avenue next year, following new openings in Manchester, Paris and Hong Kong.
Despite the positive signs, Ray Kelvin CBE, founder and chief executive of Ted Baker, remains cautious.
"Whilst we have made a good start to the financial year, our results for the full year will be dependent on trading in the second half of the financial year," he said.
"At this stage, we remain cautious given the uncertain macroeconomic environment. Our costs and commitments remain under control and, with our strong balance sheet, we will continue to invest in the long term development of the Ted Baker brand."
