Fashion clothing group Ted Baker (LON:TED) saw sales surge ahead in its latest quarter as US customers lapped up its new ranges.
“We are pleased with the performance of our Spring/Summer collections both in the UK and internationally," said Ray Kelvin, chief executive.
Revenues overall rose by 24.2% in the 18 weeks to 6 June, comprising underlying sales growth of 18.9% allied to a 6.6% increase in new space.
Performance across our established markets was strong and we continue to invest in developing brand awareness in newer markets,” it said.
Online sales rose by 46.9%, with the UK and the US doing well. A new platform was introduced in the US last year.
Wholesale sales rose by 41.2%, again with a strong performance in both the UK and North America, though Baker said the performance was boosted by some purchases being brought forward that will even out over the year.
“Consequently, we now anticipate growth for the full year of around 18%.”
"Both retail and wholesale gross margins were in line with our expectations, and broadly in line with last year.
"We have made a strong start to the year and are on track to meet expectations for the full year", it added.
Shares rose 42p to 2,857p.