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

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Apparel/Garments | On 18th Nov 2017

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Sri Lanka’s apparel exports from January to September 2017 has...

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Apparel/Garments | On 18th Nov 2017

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Bangladesh Prime Minister Sheikh Hasina has said two more leather...

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

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

Rupa Sood and Sharan Apparao
Nayaab

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

November 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
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

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
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

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
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

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
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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