14th Jan 2008 07:00
Ted Baker PLC14 January 2008 14 January 2008 TED BAKER PLC ("TED BAKER") CHRISTMAS TRADING STATEMENT FOR THE PERIOD 1 NOVEMBER 2007 TO 24 DECEMBER 2007 Ted Baker, the British designer Brand, is pleased to announce a 12.5% increasein sales in its retail division for the period 1 November 2007 to 24 December2007 (the "period"), compared to the same period last year. Gross margins werein line with management expectations and we are starting the new season with aclean stock position. Average retail square footage rose by 8.4% over the period to 164,545 sq.ft.(2006: 151,748 sq.ft.). During the period we opened a store in Brighton (UK) andAventura Mall, Florida (US) and we have been pleased with the performance atboth of these locations. Our retail licencee, RSH Limited, also opened a furtherlicensed store in Jakarta, bringing the total number of licensed stores andconcessions in the Middle East and Asia to 17. We have seen a strong performance from the retail division over the second halfof the year resulting in a 14% increase in sales for the period 12 August 2007to 24 December 2007, compared to the same period last year, on a 7.2% increasein average retail square footage. We expect to announce our preliminary results for the 52 weeks to 26 January2008 on Tuesday 18 March 2008. Commenting on trading, Ray Kelvin, Founder and Chief Executive, said:"We are pleased to report that the brand's performance has once again beenstrong and trading across the Group has been in line with our expectations. Welook forward to a successful outcome for the full year." Ted Baker: Tel: 020 7255 4800Ray Kelvin, Chief ExecutiveLindsay Page, Finance Director Hudson Sandler Tel: 020 7796 4133Sandrine GallienKate Hough This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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