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Ted Baker sees festive sales up 20%

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Ted Baker has over 380 stores and concessions worldwide

Ted Baker has over 380 stores and concessions worldwide

Ted Baker has over 380 stores and concessions worldwide

Fashion retailer Ted Baker has reported better-than-expected trading for the festive period after sales jumped by more than a fifth.

The firm, which has over 380 stores and concessions worldwide, said total revenues leapt 22.8% in the eight weeks to January 3 compared to a year ago. It did not provide a figure excluding new store openings.

The business said it was able to make these sales without resorting to the "significant promotional activity" that was a feature of the high street in the run-up to Christmas. Shares in the group, which sells men's suits and womenswear, lifted more than 3%.

Ted Baker's results are in contrast to high street giant Marks & Spencer, which has reported like-for-like sales at its general merchandise division down by a bigger-than-expected 5.8% over Christmas. The company added that online sales were up 65.7%, reflecting continuing growth in the UK and a strong performance in the United States following an upgrade to the site last July.

The retailer said: "Performance across our established territories has remained strong and we continue to invest in our newer markets for the long-term opportunities of the Ted Baker brand."

Belfast Telegraph