Ted Baker plans to open stores in North America and the Middle East

Ted Baker plans to open stores in North America and the Middle East

Ted Baker has announced plans to open new stores across North America and the Middle East, following a profitable year of trading.

Total sales jumped 20.4% to £387.6 million, with retail sales up 18.4% to £306.9 million. In the UK and Europe sales rose 16.7% to £231.8 million and North American sales were up 24.8% to £63.3 million.

Capitalizing on the company’s success, Founder and Chief Executive Ray Kelvin plans to open new stores and expand the fashion retailer’s line of products by introducing cosmetics, luggage, headphones and a wider range of accessories.

He told the Evening Standard, “We think we hit it out of the park today. It’s always about being a simple business; getting the right product in the right stores and enticing customers to spend money.

“We’re looking at Turkey and the Middle East, where we’re still a small business in terms of footprint, and our business in the US and Canada is very strong.”

 

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