Ted Baker sees sales surge

London: Fashion retailer Ted Baker shrugged off the consumer spending squeeze as it recorded a surge in annual profits and sales.

The company said there had been “much discussion” on the pressure on households but that it was well positioned to meet those challenges due to the strength of its brand.

The company posted a 24% increase in pre-tax profits for the year to January 29 of £24.2 million (€27.6m) and a 14% increase in sales to £187.7m.