Ted Baker soars amid the discounts
Ted Baker put in a barnstorming performance this Christmas with a sharp rise in sales, despite fierce discounting on the high street, and has announced the departure of non-executive chairman Robert Breare, to be replaced with immediate effect by Football Association chairman David Bernstein.
The fashion brand has also revealed plans to open its first store in Shanghai in March but added trading at its new flagship in New York had been hit by the "interruption" of the United States election in November.
The brand said London had been one of its best-performing regions in the UK over Christmas.
Ted Baker delivered total sales up by 20.9 per cent over the eight weeks to 5 January and maintained its policy of not discounting until Boxing Day. Given the retailer grew its total shop space by 13.9 per cent over the period, like-for-like sales rose by approximately 7 per cent.
Chief executive Ray Kelvin said: "It is a good performance, particularly because there was even discounting before Christmas." He cited robust growth in womenswear and accessories.
- 1 Apple has installed security backdoors on 600m iPhones and iPads, claims security researcher
- 2 UK pirates will get four warning letters a year
- 3 Fight Club 2: Chuck Palahniuk sequel is a 'meta-fictional comment on the cultural response to the original'
- 4 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 5 Israel-Gaza conflict: Deadly flechette shells 'used by Israeli military in Gaza Strip’
Hacking Trial: Rebekah Brooks, Raisa and a new twist in the saga of a horse fit for a Prime Minister
Israel-Gaza conflict: Palestinian death toll now exceeds 500 – but Israel fights on
Income tax league: Revealed - the UK towns where people pay the most and least tax
Israel-Gaza conflict: Deadly flechette shells 'used by Israeli military in Gaza Strip’
Malaysia Airlines MH17 crash: Blogger captures footage ‘showing BUK missile launcher that shot down jet’ now back in Russia
Malaysia Airlines flight MH17 crash: 'Nine Britons, 23 Americans and 80 children' feared dead after Boeing passenger jet is 'shot down' near Ukraine-Russia border
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
iJobs Money & Business
£850 - £950 per day: Orgtel: Programme Director - Conduct Risk - Banking - £85...
£45000 - £50000 Per Annum + excellent benefits: Clearwater People Solutions Lt...
£250 - £300 per day + competitive: Orgtel: Finance Manager - Accountant - Bank...
£100000 - £120000 per annum + BONUS + BENEFITS: Harrington Starr: A leading fi...