March 23 Fashion retailer Ted Baker
reported on Thursday a 4.4 percent rise in annual pretax profit,
as retail sales surged in Britain and the rest of Europe by more
than 10 percent.
The company, which trades from 490 stores and concessions
globally, said group pretax profit rose to 61.3 million pounds
($76.5 million), with retail sales in its UK and Europe business
rising 10.7 percent to 279.5 million pounds.
Total retail sales jumped 15 percent to 400.7 million pounds
for the 52 weeks ended Jan. 28, while group revenues -
including wholesale sales - were up 16.4 percent to 531 million
The company, which opened its first store in Glasgow in
1988, sells suits, shirts and dresses, often sporting quirky
details, helping it to stand out from rivals.
Retail sales in its U.S. and Canada business jumped 28.3
percent to 103.4 million pounds, the company said.
($1 = 0.8011 pounds)
(Reporting by Rahul B in Bengaluru; Editing by Mark Potter)