Our website uses cookies

Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing Essential Retail Magazine, you agree to our use of cookies.

Okay, I understand Learn more

Ted Baker eCommerce sales surge 46%

Ted Baker has posted a profit before tax of £58.66 million, up 18.6%, while the group's revenue increased 17.7% (17.0% in constant currency) to £456.2 million.

Meanwhile, eCommerce sales increased 45.8% (44.7% in constant currency) to £53.5 million, in the year to January 30 2016.

The retailer has also signed an agreement for the lease of a new distribution facility in the UK, which will serve as its European distribution centre.

Founder and CEO, Ray Kelvin, said: "We have again traded very well – despite an uncertain backdrop in some of our markets – which is testament to the strength of the Ted Baker brand as well as our unwavering focus on quality, design and attention to detail."

Over the last year, the fashion retailer has opened its first stores in Amsterdam, Azerbaijan, Hawaii, Mexico and Qatar. It reported a 8.9% (10.7% in constant currency) increase to £252.5 million for retail sales in the UK and Europe, while US and Canada retail sales increased 27.3% (20.6% in constant currency) to £80.6 million. Meanwhile, wholesale sales increased 33.6% (31.2% in constant currency) to £107.7 million.

"The group is continuing to invest in its team and infrastructure to support Ted Baker’s stability and long-term growth. This includes the purchase of our iconic Central London home at the Ugly Brown Building as well as investment in a new, state-of-the-art European distribution centre in the UK," added Kelvin.

"The strength and success of Ted Baker is underpinned by the skill, talent and ‘pashion’ of our global team. I would like to take this opportunity to thank all of my colleagues for their hard work and commitment during the year and we look forward with continued confidence as we further develop Ted Baker across the world."