Home / Knowledge / News / Apparel/Garments / Ted Baker reports strong Q3 sales amid store expansion
Ted Baker reports strong Q3 sales amid store expansion
28
Nov '13
Driven by a robust store expansion drive and strong sales from the domestic and export markets, British designer clothing brand, Ted Baker Plc. posted impressive sales growth numbers in the third quarter of this year.
 
The lifestyle brand, famous for its classic cuts, posted a 24.4 per cent increase in Group revenue to 77.1 million pounds for the 13 –week period ended 9th November 2013, from the same period a year ago.
 
Retail sales were up 19.8 per cent to 58.1 million pounds in the third quarter of this financial year from the year ago period. 
 
The rise in retail sales, which account for more than 80 per cent of the company’s revenue, was boosted by an 11.4 per cent increase in average square footage last quarter.
 
Strong performance in established markets coupled with the development of the Ted Baker brand in new markets underpinned the company’s robust sales performance last quarter as the company opened further concessions in leading departmental stores in the US, Netherlands, France, Spain and Germany.
 
Wholesale sales rose 40.8 per cent to 19 million pounds driven by improved performance in the domestic market and in the US.
 
The company is confident of continuing to deliver high sales performance in the coming months driven by further store openings and the strength of the Ted Baker brand in established markets. 
 
For the coming months, Ted Baker has planned new store openings in Hong Kong and Gatwick South and three stores though its license partners with two in the Middle East and one in Turkey. 
 
The company will continue to rely on its women’s wear segment, which accounts for more than 50 per cent of total revenue, for its sales growth, going forward. 
 
With its Autumn/Winter collections receiving good response across globally, Ted Baker is likely to score high in terms of sales numbers during the Christmas trading period.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 18th Jan 2017

China lays out plan to boost foreign investment

The Government of China has outlined measures to boost foreign...

Prime Minister Theresa May speaking on the UK government's negotiating objectives for exiting the EU. Courtesy: UK government

Textiles | On 18th Jan 2017

UK to pursue trade agreements with other countries

The United Kingdom will pursue free trade agreements with the EU and...

Courtesy: IMF

Textiles | On 18th Jan 2017

Risks to global growth outlook skewed to downside: IMF

Risks to the global growth outlook are two sided but are assessed to...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search