• Text size      
  • Send this article to a friend
  • Print this article

Ted Baker defies gloom in economy

Christmas sales surged by one-fifth at fashion brand Ted Baker, despite the gloomy economic climate and a reluctance to use promotional offers.

Smaller gift items such as bags sold well over the holiday period, while staple items, such as formal suits, continued to perform well.

Total retail sales rose 20.9% in the eight weeks to January 5, and the company also sold more online than in any previous year.

Chief executive Ray Kelvin, who founded the company as a Glasgow shirt store in 1988, said: "The group has delivered a good result over Christmas."

Contextual targeting label: 
retail

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

134602