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Trading statements

Ted Baker reports good retail performance over Xmas

11 January 2017 07:40

Ted Baker announces a 17.9% increase in retail sales for the 8-week period from 13 November 2016 to 7 January 2017 (the "period"), compared to the same period last year. It sees its FY results in line with its views.

"This good performance was achieved despite a backdrop of on-going external factors, as highlighted in our interim results, continuing to impact trading across our markets," it said.

"E-commerce sales increased by 35.0% and average retail square footage rose by 8.5% over the period to 386,252 sq.ft. (2016: 355,907 sq.ft.).

"Expansion continued during the period with further concession openings in China and, with our licence partners, our first store in Bahrain and an additional store in Indonesia.

"Gross margins were in line with our expectations and we expect to end the year with a clean stock position.

"We intend to announce our Annual Results for the 52 weeks ending 28 January 2017 on 23 March 2017 and the Board anticipates that results will be in line with its expectations."

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