Ted Baker has seen a good first half performance in a difficult trading environment, the Group reported on Thursday. Strength of the Ted Baker brand and a successful multi-channel distribution strategy continued to drive growth and the company saw strong performance from its retail divisions with sales up 17.5% to £53.3m. Wholesale sales were down 12.1% to £18.3m, however there was growth in licencing income, up 26.1% to £2.9m
Commenting, Ray Kelvin, Founder and Chief Executive, said: “The Group has performed well during the first half of the year and the strength of the Ted Baker brand combined with our successful multi-channel distribution strategy and careful international expansion has enabled us to deliver good growth for the period in an unpredictable market. The initial response to our Autumn/Winter collections has been positive. Since the period end we have opened new retail stores in Bristol and Liverpool and look forward to the opening of our two new stores in the White City development in Westfield London. The Board is, however, mindful of the uncertain economic environment and we remain understandably cautious about trading in the second half of the year.“
Renowned for his quirky sense of humour and close attention to detail, Ted Baker has grown steadily since his beginnings as a shirt specialist in Glasgow back in 1988. In fact, today Ted Baker is a global lifestyle brand that distributes through its own retail outlets, leading department stores and key independents throughout Europe, USA, Middle East and Asia. Or as the man himself prefers to put it, ‘No Ordinary Designer Label.’
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Image: Ted Baker retro wallpaper
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