THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Ted Baker grows revenue by 14.8%

Fashion brand Ted Baker grew its revenue by 14.8% in the 13 weeks to 12 November despite “challenging” trading conditions.

FASHION

Ted Baker grows revenue by 14.8%

Fashion brand Ted Baker grew its revenue by 14.8% in the 13 weeks to 12 November despite “challenging” trading conditions.

Retail sales for the period increased by 15.4% and by 6.7% in constant currency. Online sales climbed by 30.3% and accounted for 15.6% of total retail sales.

Average retail square footage rose by 8.8% to 383,330 square feet as the company continued its international expansion with store openings in Atlanta, Miami and Calgary. There were also several concession openings in premium department stores in China, Germany, Japan and Spain and relocations of stores in New York and Hong Kong.

Wholesale sales for the period increased by 13.2% following good performances from Ted Baker’s UK and North American businesses.

The company said it remains confident of making further progress for the full year but this will be dependent on trading during the important Christmas period.

Ray Kelvin, founder and chief executive, of Ted Baker said: "The brand continues to perform well despite challenging trading conditions and we remain focused on the long-term development of Ted Baker as a global lifestyle brand. Our continued growth and development reflects the strength of the brand, our business model and our unwavering focus on product quality and design, underpinned by the skill, innovation and passion of our teams globally.”

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 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process