Ted Baker FY'14 retail sales jump 24.6%

20 Mar '14

2 min read

Ted Baker PLC announces annual results for the 52 weeks ended 25 January 2014.

Highlights:

-Group revenue up 26.5% to £321.9m

-Retail sales up 24.6% to £259.1m

-UK and Europe retail sales up 20.3% to £198.6m

-US and Canada retail sales up 38.1% to £50.7m

-E-commerce sales up 55.7% to £23.2m

-Wholesale sales up 35.0% to £62.8m

-Licence income up 18.4% to £8.9m

-Proposed final dividend of 24.2p bringing total dividend to 33.7p an increase of 26.7%

-Successful launch of new e-commerce platform for the UK site in November 2013

Ray Kelvin CBE, Founder and Chief Executive, said:

"This has been another excellent year during which we have continued to build Ted Baker as a global lifestyle brand. We have further developed our presence internationally and invested in markets where we see long term growth opportunities whilst remaining unwavering in our focus on quality, design and attention to detail that underpins everything we do.

We have continued to invest in the business to support our growth, including the successful launch in November of our new e-commerce platform that provides opportunities for future growth and multi-channel developments.

I would like to take this opportunity to thank the Ted Baker team across the world. Our continued strong performance in what remains a competitive market and the ongoing development of the brand on the world stage would not have been possible without their hard work, skill and Tedication during the year."

Ted Baker PLC

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