Ted Baker 13-weeks ended revenues up 22.1 percent

Ted Baker, the British designer brand has announced a

22.1 percent increase in Group revenue for the 13 week period from August 12, 2012 to November 10, 2012, compared to the same period last year. Retail sales for the period were 24.6 percent above the same period last year and average retail square footage rose by 13.7 percent.

The Group performed well particularly in the UK and also in the rest of Europe where it opened further concessions in leading department stores in the Netherlands, Ireland and Spain as well as our first concessions in Germany. Company’s e-commerce business also continued to perform very well and its development into Asia continued with the opening of first store in Beijing, China. In the US, it opened further concessions through a leading department store, although the momentum was disrupted by the effects of Hurricane Sandy towards the end of the period.

Wholesale sales for the period were 14.2 percent above the same period last year reflecting continued growth in our US wholesale business and a good performance from our UK wholesale business, which includes wholesale export business. Group expects wholesale sales for the full year to be some 12 percent ahead of last year.

Commenting on trading, Ray Kelvin CBE, Founder and Chief Executive said, “The Group has delivered a good result over the period, in line with our expectations. We are very encouraged by the reaction to the brand and collections in our new markets where we are investing for the longer term development of the brand and further new store openings are planned for the coming months, including our first store in Toronto, Canada, further stores in Shanghai, China as well as a new store in Heathrow Terminal 3.Whilst we are pleased with our performance to date, full year results will as always be dependent on trading over the key Christmas period.”