Ted Baker PLC Interim Management Statement (1698R)
November 15 2012 - 2:01AM
UK Regulatory
TIDMTED
RNS Number : 1698R
Ted Baker PLC
15 November 2012
15 November 2012
Ted Baker PLC
("Ted Baker", the "Group")
Interim Management Statement
For the 13 week period from 12(th) August 2012 to 10(th)
November 2012
'Good performance across all channels reflecting strength of
brand and collections'
Ted Baker, the British designer brand is pleased to announce a
22.1% increase in Group revenue for the 13 week period from 12(th)
August 2012 to 10(th) November 2012 (the "period"), compared to the
same period last year.
Retail sales for the period were 24.6% above the same period
last year and average retail square footage rose by 13.7% over the
period to 269,942 sq.ft. (2011: 237,446 sq.ft.). We were pleased
with our overall performance, particularly in the UK and also in
the rest of Europe where we have opened further concessions in
leading department stores in the Netherlands, Ireland and Spain as
well as our first concessions in Germany. Our e-commerce business
also continued to perform very well. Our development into Asia
continued with the opening of our first store in Beijing, China and
we are encouraged by the reaction to the brand and our collections
in these new markets. In the US, we opened further concessions
through a leading department store, although our momentum was
disrupted by the effects of Hurricane Sandy towards the end of the
period.
Wholesale sales for the period were 14.2% above the same period
last year reflecting continued growth in our US wholesale business
and a good performance from our UK wholesale business, which
includes our wholesale export business. We expect Group wholesale
sales for the full year to be some 12% ahead of last year.
Gross margins were, as anticipated, in line with last year.
The good performance seen from both our product and the
territorial licences in the first half of the year has continued
and further licensed store openings are planned in Kuwait later in
the year.
Commenting on trading, Ray Kelvin CBE, Founder and Chief
Executive said:
"The Group has delivered a good result over the period, in line
with our expectations. We are very encouraged by the reaction to
the brand and collections in our new markets where we are investing
for the longer term development of the brand and further new store
openings are planned for the coming months, including our first
store in Toronto, Canada, further stores in Shanghai, China as well
as a new store in Heathrow Terminal 3.
Whilst we are pleased with our performance to date, full year
results will as always be dependent on trading over the key
Christmas period."
We intend to make our next trading statement covering the period
11(th) November 2012 to 5(th) January 2013 in mid-January.
Enquiries:
Ted Baker Tel: 020 7255 4800
Ray Kelvin CBE, Founder and Chief
Executive
Lindsay Page, Finance Director
Hudson Sandler Tel: 020 7796 4133
Alex Brennan / Michael Sandler
www.tedbaker.com
www.tedbakerplc.com
Media images available for download at:
http://www.tedbakerplc.com/ted/en/mediacentre/imagelibrary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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