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Casualwear & skinwear perk up Ted Baker's preliminary results
23 Mar '06
4 min read
The brand performed well thanks to our key strengths of design, product quality and attention to detail.
Our retail division performed strongly during the year with sales up 11.7% to £80.1m (2005: £71.7m). The average retail square footage rose by 20.5% over the period to 137,538 sq. ft. (2005: 114,153 sq. ft.). At 28 January 2006, total retail square footage was 141,022 sq. ft. (2005: 129,023 sq. ft.) representing an increase of 9.3%. As anticipated, retail sales per square foot decreased from £628 to £582 due to a significant increase in retail space as a result of relocations and new openings, which have lower than average trading densities.
Our wholesale division performed strongly during the year as wholesale sales rose by 10.8% to £37.8m (2005: £34.1m). Our principal collections, men's and women's casualwear, Endurance and Accessories all performed well, with womenswear in particular recording above average growth. However, childrenswear was affected by difficult trading conditions during the period.
Our sunglasses and ophthalmic licensee, Mondottica Ltd, made strong progress and continues to increase distribution both in the UK and overseas. Ted Baker Skinwear, our licensed fragrance range, continued to perform well and we launched Ted Baker Bodywear, a range of bodycare products in the second half of the year.
Our retail division performed strongly during the year with sales up 11.7% to £80.1m (2005: £71.7m). The average retail square footage rose by 20.5% over the period to 137,538 sq. ft. (2005: 114,153 sq. ft.). At 28 January 2006, total retail square footage was 141,022 sq. ft. (2005: 129,023 sq. ft.) representing an increase of 9.3%. As anticipated, retail sales per square foot decreased from £628 to £582 due to a significant increase in retail space as a result of relocations and new openings, which have lower than average trading densities.
Our wholesale division performed strongly during the year as wholesale sales rose by 10.8% to £37.8m (2005: £34.1m). Our principal collections, men's and women's casualwear, Endurance and Accessories all performed well, with womenswear in particular recording above average growth. However, childrenswear was affected by difficult trading conditions during the period.
Our sunglasses and ophthalmic licensee, Mondottica Ltd, made strong progress and continues to increase distribution both in the UK and overseas. Ted Baker Skinwear, our licensed fragrance range, continued to perform well and we launched Ted Baker Bodywear, a range of bodycare products in the second half of the year.
Ted Baker plc
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