Ted Baker enjoyed healthy trading over the Christmas period, but its biggest strength was its e-commerce operations as physical stores growth went nowhere near to matching the dynamic e-tail performance.
The designer brand spent last year investing in new shops and upgrading its e-commerce capabilities, and its effort seem to have paid off, posting increases in both annual revenues and pre-tax profits.
Footasylum has had a tough time of it in recent periods and the company has seen its share price being punished severely as a result. Its Christmas trading update was mixed and also came with news of cost cuts.
Joules has been one of the big success stories of UK retail in recent years, so its Christmas trading update was closely watched on Tuesday. The company really delivered with an upturn compared to the first half.
A large number of trading updates are due this week, but online retailers can’t judge the success (or otherwise) of their Christmas season just yet as one in four gifts bought online will be returned by UK consumers.