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Ted Baker revenues up 14.6%

Fashion retailer saw a 14.6% increase in group revenue in the 19 weeks to 9 June 2012 as it continues to expand into international markets.

CITY & CORPORATE

Ted Baker revenues up 14.6%

Fashion retailer saw a 14.6% increase in group revenue in the 19 weeks to 9 June 2012 as it continues to expand into international markets.

Retail sales climbed 16.2% above the same period last year, while average retail square footage rose by 12% to 259,936 sq ft.

During the period the retailer opened new concessions in the US, Spain and Ireland as well as a new store in London’s Brompton Road. It also continued to expand into new international markets, with its first store in Tokyo and new concessions in department stores in the Netherlands and South Korea.

Wholesale sales increased by 8.9% in the period, driven by the continued growth of Ted Baker’s US wholesale business.

While pleased with the performance to date, the company said it remained mindful of the uncertain economic environment in which it operates.

Commenting on trading, Ray Kelvin CBE, founder and chief executive said: "The Group has made a good start to 2012, despite continued uncertainty in the trading environment. This is a testament to the strength of our brand, our collections and above all, the commitment of our team."

"Ted Baker remains committed to design, quality and attention to detail as we continue to carefully expand the brand."

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