TBK Ted Baker

    RNS Number : 3295W
  Ted Baker PLC
  10 June 2008
   


    10 June 2008

    TED BAKER PLC
    ("TED BAKER")

    INTERIM MANAGEMENT STATEMENT
    FOR THE 19 WEEK PERIOD FROM 27 JANUARY TO 7 JUNE 2008

    Ted Baker, the British designer brand is pleased to announce a 8.4% increase in Group revenue for the 19 week period from 27 January to
7 June 2008 (the "period"), compared to the same period last year, with gross margins in line with expectations. 

    Retail sales for the period were 15.4% above the same period last year, driven by our strong Spring Summer collections. Average retail
square footage rose by 13.6% over the period to 172,696 sq.ft. (2007:152,043 sq.ft.). During the period we were delighted to announce the
launch of our second standalone store dedicated purely to womenswear in South Molton Street, London as well as the opening of our 'Ted Baker
& Friends' store on Cheapside, our first store in the City of London. Further store openings included Heathrow Terminal 5, Belfast and
Cambridge and we have been pleased with the reaction to these new stores. 

    Wholesale sales for the period were 8.6% below the same period last year, which is an improvement on the figures reported at the time of
our preliminary announcement. We still anticipate that conditions will remain challenging for some of our wholesale customers during 2008
and will continue to take action in respect of those customers who are no longer appropriate for our brand. As previously outlined, we
expect wholesale sales for 2008 to be below the level achieved for the period 26 January 2008. 

    Our product and territorial licences continue to trade in line with expectations. 

    Commenting on trading, Ray Kelvin, Founder and Chief Executive, said:
    "Considering the tougher retail climate, we have been pleased with our performance across the Group and the positive reaction from
customers to our Spring Summer collections.  We plan to open further stores in White City (London), Bristol and Liverpool in the second half
of the year and a further licensed store will open in Dubai in early September. We continue to consider further opportunities for the
careful expansion of our brand, both in the UK and overseas and continue to develop the range and quality of our collections as exemplified
by our premium womenswear collection 'Langley'.

    As always, full year results are dependent on trading in the second half of the year, however, we believe that our continued focus on
high product quality and attention to detail combined with our robust multi channel distribution model, means that we are well placed to
deliver further progress in 2008." 


    Enquiries:

 Ted Baker                           Tel: 020 7255 4800
 Lindsay Page, Finance Director

 Hudson Sandler                      Tel: 020 7796 4133
 Michael Sandler / Sandrine Gallien


    This information is also available on Ted Baker's Investor Relations site at www.tedbaker.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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