Ted Baker PLC Trading Update (5941B)
January 08 2015 - 2:00AM
UK Regulatory
TIDMTED
RNS Number : 5941B
Ted Baker PLC
08 January 2015
8 January 2015
Ted Baker Plc
("Ted Baker" or the "Group")
Trading update
For the 8 week period from 9 November 2014 to 3 January 2015
"Strong result over the Christmas period"
Ted Baker, the British lifestyle brand, is pleased to announce a
22.8% increase in retail sales for the 8 week period from 9
November 2014 to 3 January 2015 (the "period"), compared to the
same period last year. Average retail square footage rose by 9.2%
over the period to 331,208 sq.ft. (2014: 303,174 sq.ft.)
Gross margins were in line with expectations and, as in previous
years, there was no significant promotional activity before
Christmas. Sales since Christmas have been particularly strong and
we expect to end the year with a clean stock position.
Performance across our established territories has remained
strong and we continue to invest in our newer markets for the
long-term opportunities of the Ted Baker brand.
Our e-commerce business performed very well, with sales
increasing 65.7%, reflecting continuing growth in the UK and a
strong performance in the US following the successful migration of
our US website to the new platform in July 2014.
During the period we opened a store in Heathrow Terminal 4,
relocated our Birmingham store to the Bullring and continued our
international expansion with two new licensed stores with our
partners in Saudi Arabia and Abu Dhabi.
We intend to announce our Annual Results for the 53 weeks ending
31 January 2015 on 19 March 2015.
Commenting on trading, Ray Kelvin CBE, Founder and Chief
Executive said:
"The Group has delivered a great performance over the Christmas
period across our global markets and distribution channels. Further
underlying growth and brand momentum has been delivered as a result
of our unswerving focus on product quality and the passion and
dedication of our skilled team. We will continue to invest in
people and infrastructure as we expand the Ted Baker brand
globally.
On behalf of the Board, I would like to thank the entire team
for their continued hard work over this successful period. "
Enquiries and further information:
Ted Baker Tel: 020 7255 4800
Ray Kelvin CBE, Founder & Chief Executive
Lindsay Page, Chief Operating Officer
& Group Finance Director
Charles Anderson, Company Secretary
Hudson Sandler Tel: 020 7796 4133
Alex Brennan / Michael Sandler
www.tedbaker.com
www.tedbakerplc.com
Media images available for download at:
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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