Interim Management Statement

 

TIDMTBK 
 
RNS Number : 7378C 
Ted Baker PLC 
19 November 2009 
 

 
 
19 November 2009 
 
 
TED BAKER PLC 
("TED BAKER") 
 
 
INTERIM MANAGEMENT STATEMENT 
FOR THE 13 WEEK PERIOD FROM 16 AUGUST TO 14 NOVEMBER 2009 
 
 
Ted Baker, the British designer brand, is pleased to announce an 8.2% increase 
in Group revenue for the 13 week period from 16 August to 14 November 2009 (the 
"period"), compared to the same period last year, with gross margins in line 
with expectations. 
 
 
Retail sales for the period were 19.8% above the same period last year and 
average retail square footage rose by 15.0% over the period to 207,150sq.ft. 
(2008: 180,194 sq.ft.). This result continues to reflect a better than 
anticipated performance in the UK, offset by difficult trading conditions in our 
overseas markets. 
 
 
During the period we opened stores in Heathrow Terminal 1 and Boston, USA. We 
also opened our second store in Melbourne, Australia through our joint venture 
in the territory. We have been pleased with the performance of all three stores 
at this early stage. 
 
 
Wholesale sales for the period were 25.0% below the same period last year and 
this continues to reflect a combination of factors including the transfer of 
some wholesale accounts to retail concessions, the closure of certain accounts 
no longer appropriate for our brand and the difficult trading conditions being 
experienced by some of our wholesale customers. 
 
 
Our product and territorial licences continue to trade in line with expectations 
and we continue to consider further opportunities to develop the brand in North 
America. 
 
 
Although we continue to trade ahead of our expectations, as always the results 
for the full year will depend upon the key Christmas trading period.  The brand 
is well positioned and with a strong balance sheet we will take advantage of 
opportunities as they may arise. 
  Commenting on trading, Ray Kelvin, Founder and Chief Executive, said: 
"I am pleased with the Group's performance for the period. Reactions to our 
Autumn / Winter collections have been positive and we have also been pleased 
with our customers' response to Born by Ted Baker, our highly designed men's 
casualwear collection which was launched in August. 
 
 
We have a strong balance sheet and will continue to invest carefully in the long 
term development of the Ted Baker brand." 
 
 
Enquiries: 
 
 
+------------------------------------+------------------------------------+ 
| Ted Baker                          | Tel: [phone]                 | 
+------------------------------------+------------------------------------+ 
| Lindsay Page, Finance Director     |                                    | 
+------------------------------------+------------------------------------+ 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
| Hudson Sandler                     | Tel: [phone]                 | 
+------------------------------------+------------------------------------+ 
| Michael Sandler / Alex Brennan     |                                    | 
+------------------------------------+------------------------------------+ 
 
 
This information is also available on Ted Baker's Investor Relations site at 
www.tedbaker.com 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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