Ted Baker revenue increase

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British brand Ted Baker announced a 7.6% increase in group revenue for the 19 week period from 1 February 2009 to 12 June 2009 compared to the same period last year. The gross margins were in line with expectations.

Retail sales for the period were 15.2% above the same period last year and average retail square footage rose by 17.1% over the period to 202,206 sq.ft. The performance in the UK has been better than anticipated, although trading conditions in our overseas markets remain challenging.

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Ted Baker is looking to take advantage of opportunities that arise and will be opening a new store in Boston in October plus a new outlet store in Orlando at the end of this month.