Designer brand Ted Baker announces 6.4% increase in revenue
12 Jun '07
3 min read
Ted Baker, the British designer Brand is pleased to announce a 6.4% increase in Group revenue for the 19 week period from 28 January to 9 June 2007, compared to the same period last year, with gross margins in line with expectations. Retail sales for the period were 12.8% above the same period last year.
Average retail square footage rose by 6.9% over the period to 152,043 sq.ft. (2006: 142,260 sq.ft.). Once again, the Brand's strong Spring / Summer collections and meticulous focus on high product quality and attention to detail continue to drive growth.
During the period we were delighted to announce the launch of a standalone store dedicated purely to womenswear in Langley Court, Covent Garden and the opening of a store in Gatwick North.
Wholesale sales for the period were 6.7% below the same period last year. As stated in our preliminary results, conditions have remained difficult for some of our wholesale customers and we continue to monitor the profile of our wholesale customers to ensure they remain appropriate for our brand.
Our product and territorial licences continue to trade in line with expectations and we are pleased to announce the opening of three further licensed stores in Dubai, Kuala Lumpur, and Taiwan taking the total to nine through our licence agreements with Li and Fung Group of Companies and RSH Limited.
We expect the growth of retail sales and licence income to continue to exceed that of wholesale sales during this year, reflecting our tight control over the distribution of the brand.
marketing@alchempro.com
