Ted Baker Plc (TED.L), a clothing and accessories retailer, Tuesday said its revenues for the 19-week period ended June 7, grew about 18 percent from last year helped by strong performance across established markets, and progress in newer markets.
The lifestyle brand distributes through its three main distribution channels: retail, wholesale and licensing.
In an interim management statement, the firm said its retail sales advanced by 15.8 percent. Sales from its e-commerce business climbed 48.1 percent from last year, benefiting from new platform.
Wholesales sales grew 25.2 percent from last year, on the back of good performance from the company's US wholesale business, UK and export business.
Despite the strong performance during the period, the company said it expects low double digit growth in Wholesale sales for the full year.
According to Ted Baker, its product and territorial licences continue to perform well.
Ray Kelvin CBE, founder and chief executive of the company stated, "The Ted Baker brand has continued to perform very well and we have delivered further progress across our global markets and distribution channels...we remain focussed on our strategy to further develop Ted Baker as a global lifestyle brand."
Ted Baker is scheduled to announce its interim results for the 28 weeks to August 9 on October 2.
TED.L is currently trading at 2,020 pence, up 0.05 percent.
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