Business

Ted Baker sees sales rise after 'excellent' trading

Ted Baker shirts
Image caption Ted Baker plans to open new stores in New York and Asia later this year

Fashion retailer Ted Baker has described its trading over the Christmas period as "excellent" after reporting a rise in sales.

Sales in the eight weeks to 7 January were up 15.7% from a year ago, helped by a 7.3% rise in new retail space.

Ted Baker said it expected profits for the financial year to be in line with expectations.

The retailer plans to open a store in New York this year, as well as outlets in Tokyo and Beijing.

Founder and chief executive Raymond Kelvin received a CBE in the New Year Honours.

"In a challenging trading environment, this performance is a testament to the strength of the Ted Baker brand, our collections and people," he said.

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