TED.L Regulatory News (TED)

12 June 2015

Ted Baker Plc

("Ted Baker" or the "Group")

Interim Management Statement

For the 18 week period from 1 February 2015 to 6 June 2015

"Continued strong performance across global markets and distribution channels"

Ted Baker, the British lifestyle brand, is pleased to announce a 24.2% increase in Group revenue for the 18 week period from 1 February 2015 to 6 June 2015 (the "period"), compared to the same period last year.

Retail sales for the period increased by 18.9% (18.1% in constant currency) and averageretail square footage rose by 6.6% to 345,399 sq.ft. (2014: 323,872 sq.ft.). Performance across our established markets was strong and we continue to invest in developing brand awareness in newer markets. We opened our first street level store in Hong Kong in Causeway Bay, and a store dedicated to showcasing our licensed product range, Ted Baker & Moore, in Spitalfields London. We also opened further concessions in the UK, France, Germany, the Netherlands, North America, China and Japan.

Our e-commerce business has continued to perform well, with sales increasing 46.9%. This reflects further growth in the UK, a good performance from our US site, which benefited from the migration to its new platform in July last year and an encouraging contribution from our new Canadian site which opened at the end of 2014.

Wholesale sales for the period increased by 41.2% (38.0% in constant currency), with a strong performance from both our UK and North American businesses. In North America in particular, sales have benefited from a strong start to the season and changes to buying patterns, which have brought forward some orders. Consequently, we now anticipate growth for the full year of around 18%.

Both retail and wholesale gross margins were in line with our expectations, and broadly in line with last year.

Our product and territorial licences continue to perform well with new licensed store openings in Azerbaijan, Dubai, Qatar, Saudi Arabia, Thailand and two in Taiwan. 

We continue to invest in our people and infrastructure to support the long term development of the Ted Baker brand globally. The implementation of Microsoft Dynamics AX business systems across the Group is progressing well and in line with plans.

We have made a strong start to the year and are on track to meet expectations for the full year. We intend to announce our interim results for the 28 weeks ending 15 August 2015 on 8 October 2015. 

Commenting on trading, Ray Kelvin CBE, Founder and Chief Executive said:

"The Ted Baker brand continues to perform very well and we have delivered further progress across our global markets and distribution channels.

We are pleased with the performance of our Spring/Summer collections both in the UK and internationally, which is testament to our skilled and passionate team. Commitment to quality, design and attention to detail underpins everything we do and we remain focussed on our strategy to develop Ted Baker as a global lifestyle brand."

Enquiries:

 Notes to editors:

Ted Baker PLC - "No Ordinary Designer Label"

Ted Baker is a global lifestyle brand that operates through three main distribution channels: retail, which includes e-commerce; wholesale; and licensing, which includes territorial and product licences.

The brand has grown steadily from its origins as a single shirt specialist store in Glasgow to the global lifestyle brand it is today. We distribute through our own and licensed retail outlets, leading department stores and selected independent stores in Europe, North America, the Middle East, Asia and Australasia.

Ted Baker has 414 stores and concessions worldwide, comprising of 184 in the UK, 86 in Europe, 77 in the US and Canada, 60 in the Middle East and Asia and 7 in Australasia.

The brand offers a wide range of collections including: Menswear; Womenswear; Global; Phormal; Endurance; Accessories; Lingerie and Sleepwear; Childrenswear; Fragrance and Skinwear; Footwear; Neckwear; Eyewear; Watches; Luggage; Audio and Homewear.

www.tedbaker.com

www.tedbakerplc.com

Media images available for download at:

http://www.tedbakerplc.com/ted/en/mediacentre/imagelibrary