March 22, 2018 / 7:27 AM / 9 months ago

Retailer Ted Baker's annual profit rises as online sales jump

March 22 (Reuters) - British fashion retailer Ted Baker on Thursday reported a 12.2 percent rise in its annual pretax profit as online sales surged.

The company, which trades from outlets, standalone showrooms and concessions, said group pretax profit rose to 68.8 million pounds ($97.4 million) for the year ended Jan. 27, from 61.3 million pounds a year earlier.

Retail sales in its UK and Europe business rose 7.7 percent to 301.1 million pounds, while online sales jumped 39.8 percent. ($1 = 0.7064 pounds) (Reporting by Rahul B and Radhika Rukmangadhan in Bengaluru; Editing by Amrutha Gayathri)

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