Sales rose 16 per cent at Ted Baker as the fashion chain continued its worldwide expansion.

Reporting results for the year to January 28, the “affordable luxury” label said sales had risen to £531m, an 11 per cent rise in constant-currency terms, as it opened stores in cities including Atlanta, Beijing and Madrid.

However while the chain did not report like-for-like sales, it said that sales per square foot, once online trade and the effects of currency movements were excluded, fell 3 per cent.
Pre-tax profits rose 4.4 per cent to £61m and the company announced a 12 per cent rise in the dividend to 53.6p.

Ray Kelvin, Founder and Chief Executive, said:

This success reflects the strength and appeal of the brand as well as the outstanding quality of our collections. Our Spring/Summer collections have been well received and we have a clear strategy for continued growth across both established and newer markets. This is underpinned by controlled distribution across channels as well as the design, quality and attention to detail that are at the core of everything we do.

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