Ted Baker's figures look smart as high street rivals falter
Friday 07 October 2011
Ted Baker is to step up its expansion in the US after barnstorming sales in the country helped it to achieve a 12.7 per cent leap in first-half profits.
The fashion retailer's US retail sales grew by 74 per cent to $16.7m (£10.8m) in the 28 weeks to 13 August, boosted by new concessions and strong demand for its clothes. But UK and European sales rose by a more modest 7.8 per cent over the period, to £69.2m, while gross margins were dented by a higher level of promotional activity.
Ted Baker said it would open four new concessions, a standalone shop and an outlet store in the US in the second half, as well as a branch in Tokyo.
It will also add 13 concessions in US department stores, including Bloomingdales, and Nordstrum, and a new flagship shop in New York in 2012. Next year will also see the company opening a shop in Beijing.
Ted Baker posted a 12.7 per cent rise in pre-tax profits to £8.5m, saying the "strong performance" reflected its continued investment in the brand. Total revenues rose by 16.6 per cent to £102.8m.
filmFilm producers sue Warner Bros for $75m over Hobbit films
voicesJust when you thought you could find a man, get married, and have a baby by the age of 35... it turns out you’re too late, says Grace Dent
Swedish stars ask fans for £195 pledges on crowd-funding website
musicAs Mariah Carey and Noddy Holder rake in the royalties from their classics, why there hasn't been a decent festive hit for 20 years?
theatreAuthor Daniel Rosenthal recalls the mishaps that almost brought the curtain down on the likes of John Gielgud and Diana Rigg
lifeAs the Royal Mail plans to phase out deliveries on two wheels, it's no wonder posties are in a spin
musicThe 21-year-old beat Ella Eyre and Chlöe Howl to win the honour
lifeFull of the joys and want to help your fellow man? December isn't the time to do it
Nelson Mandela memorial: ‘Bogus’ interpreter made mockery of Barack Obama’s tribute in Soweto
David Cameron explains selfie with Obama and Helle Thorning-Schmidt at Mandela Memorial
French café starts charging extra to rude customers
Krokodil in Mexico? Teenager hospitalised after 'injecting drug into her genitals'
Australia incest case: Severely deformed children found in remote farming community after generations of inbreeding
- 1 Nelson Mandela memorial: ‘Bogus’ interpreter made mockery of Barack Obama’s tribute in Soweto
- 2 French café starts charging extra to rude customers
- 3 Sun will 'flip upside down' within weeks, says Nasa
- 4 Is Facebook making us forget? Study shows that taking pictures ruin memories
- 5 Australia incest case: Severely deformed children found in remote farming community after generations of inbreeding
iJobs Money & Business
£44999 - £60001 per annum + Benefits: Pro-Recruitment Group: A Top Tier firm i...
£77099.84 - £96375.26 per annum + Bonus + Benefits : Harrington Starr: My clie...
£45000 - £60000 per annum + Bonus and Package: Harrington Starr: Trading appli...
£50000 - £60000 per annum + BONUS + BENEFITS: Harrington Starr: A leading prov...