Ted Baker revenue increase

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.

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.