Home / Knowledge / News / Fashion / Ted Baker posts marginal growth in sales

Ted Baker posts marginal growth in sales

Nov '08
Ted Baker, the British designer brand is pleased to announce a 1.8% increase in Group revenue for the 13 week period from 10 August to 8 November 2008 (the 'period'), compared to the same period last year, with gross margins in line with expectations.

Retail sales for the period were 13.3% above the same period last year and average retail square footage rose by 17.1% over the period to 180,194 sq.ft. (2007:153,901 sq.ft.). The period was affected by both unseasonably warm weather, in contrast to a period of cold weather last year and increased economic uncertainty.

During the period we opened stores in the Cabot Circus development in Bristol and in the second phase of the Liverpool One development in Liverpool City centre. We were also delighted to announce the opening of two stores in Westfield London. The second store, located in the luxury village, is our new Ted Baker Pashion store, which showcases our affordable luxury designer collections.

Wholesale sales for the period were 21.0% below the same period last year partly due to the later phasing of deliveries but also reflecting the challenging trading conditions being experienced by our customers. As previously outlined, we expect wholesale sales for the full year to be below the level achieved for 2007. However, we expect the level of reduction in wholesale sales for the second half of the year to be closer to the trend of the first half which was 12.1% below the level of the previous year.

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

Our brand is well positioned and our Autumn / Winter 2008 collections have been well received by our customers. However, the current economic difficulties must make us cautious about trading for the remainder of the financial year.

Commenting on trading, Ray Kelvin, Founder and Chief Executive, said:

'We continue to focus on high product quality, design and attention to detail and have been pleased with the overall response to the stores we opened during the period.

We remain mindful of the current economic uncertainty and will continue to manage our business carefully. We believe that the strength of the Ted Baker brand combined with our robust multi channel international distribution means we are well positioned to deal with the challenges ahead.'

Ted Baker is one of the fastest-growing leading lifestyle brands in the UK. Its collections have expanded rapidly since its beginnings as a Menswear brand in Glasgow in 1987. Today Ted Baker offers a wide range of trendy and innovative collections including: Menswear, Womenswear, Global, Endurance, Accessories, Teddy Boy, Teddy Girl, Teddy Baby, Fragrance, Skinwear, Footwear, Eyewear and Watches.

Ted Baker has a portfolio of stores in the UK, the USA, Continental Europe, the Middle East and Asia and is also present in leading department stores.

Ted Baker

Interviews View All

Top executives, Textile Industry

Top executives
Textile Industry

We will move away from mass production to production in micro-factories

Deepak Jain, Baggout

Deepak Jain

We are using Facebook and Instagram to promote ourselves

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Jason Remnant,

Jason Remnant

<div>Xaar plc develops digital inkjet technology; it designs and...

Fabio Grandis,

Fabio Grandis

Italian company Grandis SRL has been operating in the textile industry for ...

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu &amp; Sky is a rapidly escalating brand with the...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Robert Brunner, Devereux

Robert Brunner

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

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

October 2019

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

news category

Related Categories:

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search