Trading Update (4987V)
January 13 2012 - 2:00AM
UK Regulatory
TIDMTED
RNS Number : 4987V
Ted Baker PLC
13 January 2012
13 January 2012
Ted Baker PLC
("Ted Baker")
TRADING UPDATE
For the 8 week period from 13 November 2011 to 7 January
2012
Good performance across all markets reflecting strength of brand
and collections
Ted Baker, the British designer brand, is delighted to announce
a 15.7% increase in retail sales for the 8 week period from 13
November 2011 to 7 January 2012, compared to the same period last
year. Gross margins were in line with expectations and, as in
previous years, there was no significant promotional activity
pre-Christmas. Average retail square footage rose by 7.3% over the
period to 240,001 sq.ft. (2011: 223,623 sq.ft.).
We have been very pleased with the performance across all of our
markets. During the course of 2011 we further developed our
international presence through wholesale, licensing and our new
retail stores and concessions, which have continued to build
momentum during the period. Sales since Christmas have remained
strong and we expect to end the season with a clean stock
position.
The Board anticipates that profit before taxation for the year
ending 28 January 2012 will be in line with expectations. We intend
to announce our Annual Results for the 52 weeks ending 28 January
2012 on 21 March 2012.
Commenting on trading, Ray Kelvin CBE, 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 and look forward to the exciting opening of our store on
Fifth Avenue, New York towards the middle of 2012 as well as the
openings of our first stores in Tokyo in March and Beijing in June.
We are also pleased to announce the opening of a new store in May
on the Brompton Road, London.
On behalf of the Board I would like to thank the entire team at
Ted Baker for their continued hard work and commitment over this
successful period."
Enquiries:
Ted Baker Tel: 020 7255 4800
Ray Kelvin, Founder and Chief Executive
Lindsay Page, Finance Director
Hudson Sandler Tel: 020 7796 4133
Michael Sandler / Kate Hough / Alex
Brennan
This information is provided by RNS
The company news service from the London Stock Exchange
END
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