Ted Baker thrives in Middle East
Wednesday 11 June 2014
Ted Baker is finding success in some of the most unlikely locations across the world, according to the fashion brand's chief executive, Ray Kelvin.
"Egypt is doing surprisingly well and we've just opened successfully in Saudi Arabia. Business is very strong in the Middle East," Mr Kelvin said yesterday. However, Ted Baker's founder added that because of the unrest in Egypt he had been unable to visit the store.
The company saw sales jump 17.9 per cent in the 19 weeks to last Saturday. Retail sales were up 15.8 per cent as new stores added 9.5 per cent extra floor space to its portfolio. Online sales were up 48.1 per cent.
Expansion into crockery, luggage and headphones has helped sales to rise as the retailer expands beyond its original business selling men's shirts.
Ted Baker has added a second store in Glasgow (the first time it has opened a new site in Scotland's biggest city since the original Ted Baker store opened there in 1988), along with sites in Philadelphia, California and Heathrow's new Terminal 2.
The warm winter, which covers yesterday's trading period, failed to hit sales, according to Mr Kelvin, as the company held over some autumn stock which sold well.
- 1 This 'woman calls police to order pizza' story isn't going where you're expecting
- 2 Axe wielding man shot dead after attacking four New York policemen on busy street
- 3 Watch what happened when food critics were unknowingly served McDonald's
- 4 Jimmy Carr's Oscar Pistorius joke goes a bit too far at the Q Awards
- 5 Ottawa shootings: Bruce MacKinnon's cartoon is the perfect tribute to soldier Nathan Cirillo
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
Poppy Appeal 2014: This is why I won't be wearing a red poppy this year
iJobs Money & Business
£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...
£30000 - £35000 Per Annum plus excellent benefits: Clearwater People Solutions...
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...