THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
• Omnichannel Futures Conference 2020
• Online Conversion Summit 2020
• Future of Retail Marketing 2020
• The HR Summit 2020
• AI in Retail Conference 2020
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Ted Baker beats ‘challenging’ market with sales and profit uplift

Ted Baker has increased its full year pre-tax profit by 12.3% to £68.8 million despite on-going “challenging external factors” across its global markets. In the year… View Article

FASHION

Ted Baker beats ‘challenging’ market with sales and profit uplift

Ted Baker has increased its full year pre-tax profit by 12.3% to £68.8 million despite on-going “challenging external factors” across its global markets.

In the year to 27 January, the fashion retailer’s group revenue climbed by 11.4% to £591.7 million while retail sales rose by 10.4%.

Ray Kelvin, founder and chief executive of Ted Baker, said: “I am pleased to report a year of continued progress in Ted Baker’s expansion as a global lifestyle brand. The group’s good performance demonstrates the strength of the brand as well as the quality and appeal of our collections.”

While retail sales in the UK and Europe were up 7.7%, sales in the US and Canada increased by 16.2% in the period.

Ted Baker has recently opened a new store at Luton Airport and plans to launch stores at Barcelona Airport and London Bridge station as well as further concessions in the UK, France, Germany and Spain.

The company is also planning to expand its presence in the US with new store openings in Austin and Orlando.

Ted Baker said recent unseasonal weather across Europe and the east coast of the US has had an impact on the early part of trading for Spring/Summer. As a result, it expects trading conditions to remain challenging across many of its markets.

Kelvin added: “The strength of our brand and business model mean that we remain well positioned to continue the group’s momentum and long-term development. We have a clear strategy for growth across both established and new markets which is underpinned by our controlled, multichannel distribution as well as the design, quality and attention to detail that are at the heart of everything we do.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Online Conversion Summit 2020
Online Conversion Summit 2020
April 30 2020
The Hallam Conference Centre, London W1W 6JJ
The Retail Bulletin Online Conversion Summit 2020 Partnered by IMRG
Future of Retail Marketing 2020
Future of Retail Marketing 2020
9 June 2020
Hallam Conference Centre, 44 Hallam St, London W1W 6JJ
The Future of Retail Marketing for Customer Engagement
The HR Summit 2020
The HR Summit 2020
1 October 2020
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2020
AI in Retail Conference 2020
14 October 2020
Hallam Conference Center, 44 Hallam Street, London W1W 6JJ
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY