Home / Knowledge / News / Apparel/Garments / Ted Baker's retail sales grow
Ted Baker's retail sales grow
22
Nov '11
Ted Baker, the British designer brand, is pleased to announce a 7.8% increase in Group revenue for the 13 week period from 14th August 2011 to 12th November 2011, compared to the same period last year.

Retail sales for the period were 12.3% above the same period last year and average retail square footage rose by 7.2% over the period to 237,446 sq.ft. (2010: 221,443 sq.ft.). We have been pleased with our performance across all markets, despite the unseasonably warm weather.

We have been encouraged by the new stores opened in the period, which have included the relocation of our stores in the Bicester Outlet Village and the Bluewater shopping centre to larger units. In the US we have opened a store in San Diego, three further concessions through a leading department store and an outlet store in Wrentham, near Boston.

As anticipated, wholesale sales for the period were 4.7% below the same period last year due to the phasing of sales between the first and second half of the financial year. We expect Group wholesale sales for the full year being some 12.0% ahead of last year.

Underlying input margins have been broadly maintained in line with expectations. Continuing the trend seen in the first half of 2011, the retail gross margin remains slightly below last year due to the mix of product sales.

The good results seen in our licensed stores in the Middle East and Asia in the first half of the year have continued and overall our product and territorial licences have performed well.

Whilst, as always, the Group's full year results will be dependent on trading during the key Christmas period, we have been pleased with the performance in the second half of the year to date. This has been in line with the Board's expectations and reflects the strength of the Ted Baker brand and collections.

Commenting on trading, Ray Kelvin CBE, Founder and Chief Executive said:
“The Group has delivered a strong result over the period. Our collections continue to be well received across our domestic and international markets. We continue to expand the brand into new territories, whilst maintaining our focus on design, quality and attention to detail, the core strengths which underpin the Ted Baker brand. We look forward to opening our first stores in Tokyo and Beijing early next year and our store on Fifth Avenue, New York towards the middle of 2012.”

We intend to make our next trading statement covering the period 13th November 2011 to 7th January 2012 in mid January.

Ted Baker PLC


Must ReadView All

Sanjay K Jain, managing director, TT Ltd

Textiles | On 21st Sep 2017

TT’s Sanjay Jain elected new chairman of CITI

The Confederation of Indian Textile Industry (CITI), the apex body...

Textiles | On 21st Sep 2017

NRF urges US lawmakers to lower corporate tax rates

The National Retail Federation (NRF) has written to the US Senate...

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search