Retail sales up 13% for Ted Baker

Ted Baker has announced interim results for the 28 weeks ended 13 August 2011 showing strong Group performance reflecting continued investment in the Ted Baker brand 

Retail sales were up 13.0% on a 6.7% increase in average retail square footage. UK and European retail sales up 7.8% to £69.2m and US retail sales were up 74.0% to $16.7m

The company opened retail stores in Manchester, Paris and Hong Kong. Wholesale sales were up 32.8% to £21.6m and licence income up 5.5% to £3.1m

Commenting, Ray Kelvin founder and Chief Executive, said: "Ted Baker has delivered a strong performance during the first half of 2011 reflecting the continued investment in our brand and the strength and passion of our team. 

"Our Autumn/Winter collections have been positively received and we look forward to opening our first stores in Tokyo and in Beijing early next year. 

"We are also excited to announce that we have signed a lease for a store on the internationally renowned Fifth Avenue, New York to be opened in the middle of next year.

"As in previous years, results for the full year will be dependent on trading in the important second half and, at this stage, we remain understandably cautious given the uncertain economic environment, although believe that we are well placed to deal with the challenges ahead."