Belfast Telegraph

Ted Baker prices will hold for 2017, says chief

By Staff Reporter

The boss of fashion chain Ted Baker has vowed that shoppers will not be subjected to price hikes this year as the retailer reported a stellar set of Christmas trading results.

Chief executive Ray Kelvin said a combination of hedging against currency fluctuations and a dollar-denominated income will help the firm keep prices from rising.

Ted Baker has a store at Victoria Square and a concession at House of Fraser, both in Belfast.

Mr Kelvin said: "We were hedged for two years and we have one year left on that.

"We're a public company, we don't gamble with things like this, plus we also have a big dollar income. So there won't be any price increases this year."

His comments come as Ted Baker announced a 17.9% increase in sales for the eight weeks to January 7.

Belfast Telegraph

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