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Sales boost for Ted Baker

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Ted Baker store in central London

Ted Baker store in central London

PA

Ted Baker store in central London

TED BAKER has seen its Christmas sales jump, despite allegations against its founder and challenges on the high street.

The fashion brand said retail sales increased by 12.2pc over the five weeks to January 5. E-commerce sales, which account for about a quarter of retail performance, were up 18.7pc.

"The Ted Baker brand has delivered a good performance across both our stores and e-commerce business, despite the continuing challenging external trading conditions across our markets," Lindsay Page, acting CEO, said. "This result again reflects the strength of the brand and the quality of our collections."

It comes amid an ongoing investigation into the conduct of Ted Baker's founder and suspended boss, Ray Kelvin, who was accused of harassment in the workplace last year. The company said an independent investigation, led by law firm Herbert Smith Freehills, is "progressing" and a further update will be given in due course.

Ted Baker has also had to contend with declining consumer confidence in several markets and the fallout from House of Fraser's collapse in the UK.

PA

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