FASHION chain Ted Baker yesterday reported a 25 per cent leap in half-year profits but issued a cautious outlook for the full-year due to the “uncertain economic environment”.
For the 28 weeks to 28 August, pre-tax profits rose to £7.5m while group revenues came in at £88.1m, up from £76.6m the year before. Womenswear sales increased by 17.3 per cent to £43.3m, representing 49.1 per cent of total sales, while menswear rose 12.8 per cent to £44.8m. Sales in the UK and Europe jumped 14.4 per cent to £62.2m and US sales were up 20 per cent to £6m.
Ted Baker said it had made a good start to the second half of the year but cautioned that its annual results were dependent on Christmas trading. The designer brand plans to open new stores in Paris, Hong Kong, Chicago and New York.