Highlights
· Group revenue up 14.0% (9.5% in constant currency) to £295.7m
· Retail sales including e-commerce up 13.9% (9.2% in constant currency) to £217.7m
· UK and Europe retail sales up 11.0% (9.1% in constant currency) to £145.6m
· North America retail sales up 18.8% (7.8% in constant currency) to £60.7m
· Asia retail sales up 29.5% (19.6% in constant currency) to £11.4m
· E-commerce sales up 43.8% (40.7% in constant currency) to £42.7m
· Planned expansion continued with:
· Two new stores in the US and one new store in each of the UK, China and France, a relocation in Japan, and one new outlet in each of the UK and the Netherlands
· Further concessions with leading department stores across the UK, Europe, and Asia
· Licencee openings in Australia, Dubai, Kuwait, Lebanon, Mexico, Qatar, Saudi Arabia and Turkey
· Wholesale sales up 14.1% (10.2% in constant currency) to £78.0m
· Licence income up 23.1% to £9.7m
· Profit before tax and exceptional items up 12.7% to £24.2m
Commenting, Ray Kelvin CBE, Founder and Chief Executive, said:
'The Ted Baker brand has continued to perform well and in line with our expectations across all distribution channels. This good performance reflects the strength and appeal of the Ted Baker brand, our business model and the passion, creativity and innovation of our global teams.
We have a clear strategy for the development of the brand across both established and newer markets and this remains underpinned by the focus on design, quality and attention to detail that is at the core of everything we do.
We are dedicated to the long-term development of the Ted Baker brand and are continuing to invest in our infrastructure and people to support our future growth. Whilst trading conditions in some of our markets remain challenging, we are confident of making further progress for the full year, in line with our expectations.'