Ted Baker PLC Trading Update (1179V)
January 09 2013 - 2:00AM
UK Regulatory
TIDMTED
RNS Number : 1179V
Ted Baker PLC
09 January 2013
9(th) January 2013
Ted Baker PLC
("Ted Baker")
TRADING UPDATE
For the 8 week period from 11 November 2012 to 5 January
2013
Continued development of the brand in all markets
Ted Baker, the British designer brand, is pleased to announce a
20.9% increase in retail sales for the 8 week period from 11
November 2012 to 5 January 2013, compared to the same period last
year. Average retail square footage rose by 13.9% over the period
to 273,340 sq.ft. (2012: 240,001 sq.ft.). Gross margins were in
line with expectations and we expect to end the season with a clean
stock position. As in previous years, there was no significant
promotional activity pre-Christmas.
The UK and Europe performed strongly in a competitive trading
environment and our e-commerce business continues to perform very
well. In the US, we continue to make good progress and build brand
awareness. In Asia, where we are in the early stages of investing
in new markets for the longer term development of the brand, we
have been encouraged by the initial response to the brand and
collections. We have been pleased by the new stores opened during
the period, which included our first store in Toronto, Canada and a
store in Heathrow Terminal 3.
The Board anticipates that profit before taxation for the year
ending 26 January 2013 will be in line with expectations. We intend
to announce our Annual Results for the 52 weeks ending 26 January
2013 on 21 March 2013.
Commenting on trading, Ray Kelvin CBE, Founder and Chief
Executive said:
"The Group has delivered a good result over the Christmas
period. We were pleased by the performance in markets where the
brand is established and continue to build brand awareness in our
newer markets, where we are investing for the longer term. We
remain focussed on the continued development of the brand globally
with further store openings planned in Shanghai, China in the first
half of 2013.
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 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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