British way of life trend model Ted Baker has reported robust efficiency throughout all international markets and distribution channels within the 18 weeks to June 6.
Group income soared 24.2 per cent above the identical interval final yr, with retail gross sales up 18.9 per cent and retail sq. footage up 6.6 per cent to 345,399 sqft.
On-line gross sales surged 46.9 per cent, reflecting additional progress within the UK, a superb efficiency from its US website and the launch of a brand new Canadian website.
“Efficiency throughout our established markets was robust and we proceed to spend money on creating model consciousness in newer markets,” the corporate stated in a press release.
“We opened our first road degree retailer in Hong Kong in Causeway Bay and a retailer devoted to showcasing our licensed product vary, Ted Baker & Moore, in Spitalfields London. We additionally opened additional concessions within the UK, France, Germany, the Netherlands, North America, China and Japan.”
Wholesale gross sales elevated by 41.2 per cent (38 per cent in fixed foreign money), with a robust efficiency from each the UK and North American companies.
“In North America particularly, gross sales have benefited from a robust begin to the season and modifications to purchasing patterns, which have introduced ahead some orders. Consequently, we now anticipate progress for the complete yr of round 18 per cent.”
Each retail and wholesale gross margins have been consistent with the corporate’s expectations, and broadly consistent with final yr.
Ted Baker says its product and territorial licences proceed to carry out properly with new licensed retailer openings in Azerbaijan, Dubai, Qatar, Saudi Arabia and Thailand and two in Taiwan.
“We proceed to spend money on our individuals and infrastructure to help the long run improvement of the Ted Baker model globally.”
