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Ted Baker sales up 25% in first half

Ted Baker increased sales by 24.5% to £226.8m for the 28 weeks ended August 15, while profit before tax rose by 14.6% to £17.8m.

Retail including ecommerce sales were up by 20.1% to £168.2m for the half year period, with wholesale sales up 39.1% to £58.6m and licence income up 16.7% to £6.4m.

Retail sales had the biggest growth of 37.4% in North America amounting to £39.7m, followed by Asia where sales were up by 31% to £6.7m. In its most mature markets of the UK and Europe, retail sales were up by a healthy 14.7% to £120.9m.

Ted Baker’s womenswear, which accounts for 57.7% of total sales, increased by 22.5% to £130.9m, while menswear was up by 27.4% to £95.5m.

Ted Baker now has 184 stores in the UK, 86 in continental Europe, 79 in North America, 60 in the Middle East and Asia and seven in Australasia.

The men’s and womenswear retailer opened its new licensed product concept store Ted Baker & Moore in London’s Spitalfields during the period, as well as opening new stores in the UK, Canada and Hong Kong, as well as a new outlet in South Korea. It opened further concessions in department stores in all of its territories and licensed stores opened in Azerbaijan, Dubai, Qatar, Saudi Arabia, Taiwan and Thailand during the period.

“This strong performance across all channels and territories is testament to the growing strength of Ted Baker as a leading global lifestyle brand,” said founder and chief executive Ray Kelvin.

Non-executive chairman David Bernstein said: “Whilst we have made a strong start to the financial year, our results for the full year will, as always, be dependent on the more weighted second half trading period.”

@Tara_Hounslea

Readers' comments (4)

  • Great start which won't be replicated by many. Some great designs, styles and prints and distribution appeared more widespread than previous years.

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  • What a team, next stop Teds World!! They should remake they movie staring Ray, is there no stopping this man!

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  • Ted Baker keep it simple, don't try too hard and gives the consumer what they want. That's why they make money. Other brands please take note.

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  • Ted Baker is run by garment people with a long history and experience of the clothing sector not by the figure men. As the previous comment says " other brands please take note" Accountants are 2 a penny but creators of such businesses are few and far between.
    Well done to TEAM TED BAKER!

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