More stores, more revenue for Ted

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Designer clothing brand Ted Baker said new stores had helped push up first half revenue by almost a third, and added that its autumn/winter collections had been well received.

The firm, known for its classic cuts with quirky details, said yesterday group revenue rose 30.9 per cent to £155.2m in the 28 weeks to August 10, with pre-tax profit before exceptional costs up 24.3 per cent to £11.6m.

Retail sales jumped 30.2 per cent in the quarter on 12.4 per cent more space, with womenswear performing very strongly. Sales were up by a quarter in the UK and Europe, and by almost half in the United States and Canada.

Shares in Ted Baker have more than doubled in a year to 1,920p as the firm continues to attract shoppers despite pressure on spending, and develops it global presence with new stores in Asia and the US. The company, which makes around 80 per cent of sales in the UK and Europe, opened new locations in Tokyo, Beijing and New York in 2012, and has added more in the US as well as Belgium, Canada and Shanghai in the first half of 2013.