Ted Baker sees revenue rise 20%

Ted Baker announced a 20.7% increase in Group revenue for the 13 week period from 15 August 2010 to 13 November 2010 compared to the same period last year, in line with expectations. Retail sales for the period were 8.6%

above the same period last year and average retail square footage rose by 6.9% over the period to 221,443 sq.ft. (2009: 207,150 sq.ft.).

Trading in the UK has continued to perform well and the improved trend in overseas markets, as reported at the time of the company’s interim results, has continued, albeit against stronger sales comparatives in the second half of the financial year. The transactional website was launched in October and there will two new stores in the US at the end of this month in Chicago and New York.

Wholesale sales for the period were 76.2% above the same period last year. Recently opened stores in Taiwan, Kuwait, Abu Dhabi and Sydney with respective partners in these territories are showing encouraging performance at this early stage.

Commenting on trading, Ray Kelvin, Founder and Chief Executive, said,"I am pleased by the Group's performance for the period with trading in our overseas markets being particularly strong.

We continue to expand the Ted Baker brands in new and existing markets with new store openings announced during the period and further stores planned to open in Manchester, Paris and Hong Kong in 2011."

Image: Ted Baker campaign