Home / Knowledge / News / Apparel/Garments / Retail sales soar 20.1% at Ted Baker in H1FY16
Retail sales soar 20.1% at Ted Baker in H1FY16
07
Oct '15
Retail sales including e-commerce sales soared 20.1 per cent year over year at Ted Baker, a global lifestyle brand and retailer in the 28 weeks to August 15, 2015.

“In the first half of fiscal 2016, Ted Baker retail sales surged 20.1 per cent to £ 168.2 million on a 6.6 per cent increase in average square footage,” a Ted Baker press release stated.

Of which, UK and Europe retail sales were up 14.7 per cent over the same period of prior fiscal to £120.9 million, while North America retail sales drove up higher by 37.4 per cent to £39.7 million.

“Retail sales in Asia too surged 31.0 per cent year on year to £7.6 million, while ecommerce sales climbed by a massive 63.6 per cent to £22.9 million,” the UK based brand added.

Ted Baker further added that wholesale sales also rose steeply by 39.1 per cent over the previous fiscal's first half to £58.6 million, while license income was up 16.7 per cent to £6.4 million.

Profit before tax and exceptional items in the period under review increased by 23.4 per cent to £17.8 million as against £14.4 million in the first half of fiscal 2015.

In the first half of fiscal 2016, profit before tax rose 14.6 per cent to £17.8 million compared to £15.6 million in the fiscal ago period.

Adjusted basic earnings per share, excluding exceptional items grew by 23.1 per cent to 29.8 pence vis-à-vis 24.2 pence in same period of earlier fiscal.

Net interest payable during the period was £0.6 million as against £0.6 million in the reporting period of last fiscal.

“The net foreign exchange loss during the period of £0.7 million was due to the translation of monetary assets and liabilities denominated in foreign currencies,” the company observed.

Founder Ray Kelvin said, "This strong performance across all channels and territories is testament to the growing strength of Ted Baker as a leading global lifestyle brand.”

“Supported by on-going and careful investment in the brand, we continue to attract customers both in the UK and overseas to our quality, design and attention to detail,” he added.

“I would like to take this opportunity to thank all of the teams across the world for their hard work and commitment," Kelvin informed.

During the reporting period, Ted Baker added a new store each in UK, Canada and Hong Kong and one new outlet in South Korea.

It also signed further concessions with leading department stores across the UK and Europe, the US and Asia and new licensee store openings in Azerbaijan, Dubai, Qatar, Saudi Arabia, Taiwan and Thailand. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 18th Aug 2017

GST return filing deadline for transitional credit

For businesses who want to avail the transitional input tax credit...

Apparel/Garments | On 18th Aug 2017

Tough tax policy, lack of capital access for Myanmar SMEs

Small and medium enterprises (SMEs) in Myanmar suffer from arduous...

Courtesy: IRBC

Textiles | On 18th Aug 2017

IRBC targets 80% of Dutch textile businesses by 2021

The Dutch Government and several industry organisations, trade unions ...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

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

Eamonn Tighe
Nature Works LLC

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

Bani Batra

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

August 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
69.0%
No
17.2%
Skip
13.8%

Total Votes: 29

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
41.4%
No
37.9%
Skip
20.7%

Total Votes: 29

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
82.8%
No
6.9%
Skip
10.3%

Total Votes: 29

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
58.6%
No
10.3%
Skip
31.0%

Total Votes: 29


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