Ted Baker figures continue to look sharp
TED Baker, the global fashion label with its roots in Scotland, yesterday said it was confident of overcoming tough economic conditions in the coming year as it revealed a 10 per cent rise in fullyear earnings.
The designer brand said the response to its 2008 spring and summer ranges had so far been "encouraging", with retail sales up 16.1 per cent in the past seven weeks.
Pretax profits in the year to 26 January increased from £20.1 million to £22.1m, as revenues grew by 13.2 per cent to £142.2m, bolstered by new store openings in cities including Dublin, Ireland, and Melbourne, Australia.
Founder and chief executive Ray Kelvin said the firm’s success had been built on careful expansion of the brand.
Ted Baker began as a single specialist shirt outlet in Glasgow in 1987 and now has stores across the globe.
Original source : The Scotsman
