Fashion watch and jewellery brand Ted Baker has reported a 10.4% increase in its retail sales in the 52 weeks ending 27 January 2018.
The total increase in retail sales amounted to £442.5m, with UK and Europe up 7.7% (6.4% in constant currency) to £301.1m, US and Canada up 16.2% (12.4% in constant currency) to £120.1m and e-commerce sales up 39.8 % (38.7% in constant currency) to £101.1m.
Overall, the group’s revenue saw an 11.4% increase to £591.7m.
Ted Baker’s wholesale sales were up 14.6% (13.3% in constant currency) to £149.2m. Its licence income rose by 17.6% to £21.4m and it had a proposed final dividend of 43.5p bringing total dividend to 60.1p, which was an increase of 12.1%
Ray Kelvin CBE, founder and chief executive, said: “I am pleased to report a year of continued progress in Ted Baker’s expansion as a global lifestyle brand. The group’s good performance demonstrates the strength of the brand as well as the quality and appeal of our
“Our new collections have been received positively and although we anticipate external trading conditions will remain challenging across many of our global markets, the strength of our brand and business model mean that we remain well positioned to continue the group’s momentum and long-term development.”
He continued: “We have a clear strategy for growth across both established and new markets which is underpinned by our controlled, multichannel distribution as well as the design, quality and attention to detail that are at the heart of everything we do.”