THE RETAIL BULLETIN - The home of retail news
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
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Ted Baker reports strong Christmas sales

Fashion brand Ted Baker said retail sales rose 15.7% in the eight weeks to 7 January compared to the same period a year before. This was despite there being no significant promotional activity before Christmas.

GENERAL MERCHANDISE

Ted Baker reports strong Christmas sales

The group said it had increased its average retail square footage by 7.3% over the period to 240,001 sq ft and further developed its international presence through wholesale, licensing and new retail stores and concessions.

Sales since Christmas have remained strong and the group expects to end the season with a clean stock position.

This year the group plans to open a new  store on New York’s Fifth Avenue and its  first stores in Tokyo and Beijing. It will also open a new London shop in Brompton Road.

Profit before tax for the current financial year, which ends on 28 January,  is expected by the board to be in line with expectations.

Commenting on the trading, Ray Kelvin, founder and chief executive said: “The group has delivered an excellent result over the Christmas trading period. In a challenging trading environment, this performance is a testament to the strength of the Ted Baker brand, our collections and people.
 
“Whilst we are very mindful of the wider macro-economic uncertainty, we remain focused on the strategic development of the brand.”

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

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
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
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing