In the 52 weeks to January 28, group revenue rose 11 per cent to£117.8 million, with sales from the retail division up almost 12 per cent to just over£80 million. Wholesale and licensing income also grew. Pre-tax profits rose nearly 13 per cent to£18.4 million.
The company added that current trading is strong in the retail division, with total sales up 5.3 per cent for the first seven weeks of the new financial year, although the wholesale side has had a poor start, with sales down 14.6 per cent on the same time last year.
Growth over the year has been focussed on the US, where the company has opened stores in Los Angeles and Dallas and expanded its New York store. Further openings in the US are planned, with a unit opening in Costa Mesa, California in May.
Further international expansion is also on the agenda following the signing of licensing deals in both the Far East and Middle East. But the company described the domestic market as 'tough'.
''We are now carefully launching Ted Baker in Asia and the Middle East through licence agreements and over the next few years the distribution of our brand will extend to a further sixteen countries,' said chief executive Ray Kelvin.
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