Ted Baker

Ticker TED

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Market open
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Price Pence
As of 16:03 21 Sep 2018
Market cap. Pound sterling
1,047.10 million
As of 16:03 21 Sep 2018

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Bags of growth for Ted Baker

Ted Baker clutch bag
Getty Images

At least one High Street retailer appears to be doing well.

Fashion chain Ted Baker says that its full-year pre-tax profit rose 12.3% to £68.8m on revenue 11.4% higher at £591.7m.

The company does not provide like-for-like sales figures, which strip out revenue from new shops opened during the reporting period.

But Ray Kelvin, Ted Baker's founder and chief executive, said: "Although we anticipate external trading conditions will remain challenging across many of our global markets, the strength of our brand and business model mean that we remain well positioned to continue the group's momentum and long-term development."