Home / Knowledge / News / Fashion / Ted Baker announces 8.4% growth in group revenue
Ted Baker announces 8.4% growth in group revenue
11
Jun '08
Ted Baker, the British designer brand is pleased to announce a 8.4% increase in Group revenue for the 19 week period from 27 January to 7 June 2008 (the "period"), compared to the same period last year, with gross margins in line with expectations.

Retail sales for the period were 15.4% above the same period last year, driven by our strong Spring Summer collections. Average retail square footage rose by 13.6% over the period to 172,696 sq.ft. (2007:152,043 sq.ft.).

During the period we were delighted to announce the launch of our second standalone store dedicated purely to womenswear in South Molton Street, London as well as the opening of our 'Ted Baker & Friends' store on Cheapside, our first store in the City of London.

Further store openings included Heathrow Terminal 5, Belfast and Cambridge and we have been pleased with the reaction to these new stores.

Wholesale sales for the period were 8.6% below the same period last year, which is an improvement on the figures reported at the time of our preliminary announcement.

We still anticipate that conditions will remain challenging for some of our wholesale customers during 2008 and will continue to take action in respect of those customers who are no longer appropriate for our brand.

As previously outlined, we expect wholesale sales for 2008 to be below the level achieved for the period 26 January 2008.

Our product and territorial licences continue to trade in line with expectations.


Must ReadView All

Sri Lanka reduces VAT on imported fabric to 5%

Textiles | On 24th Sep 2018

Sri Lanka reduces VAT on imported fabric to 5%

Considering the requests made by the stakeholders in the fabric...

E-com firms in India to deduct 1% TCS under GST from Oct 1

Apparel/Garments | On 24th Sep 2018

E-com firms in India to deduct 1% TCS under GST from Oct 1

E-commerce companies in India will have to deduct 1 per cent tax...

Courtesy: Andritz

Textiles | On 24th Sep 2018

'Strength of economy, demographics drive nonwovens demand'

The strength of the economy and demographic trends are the main...

Interviews View All

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Janak Dhamanwala & Sunil Dhamanwala, Jansun

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search