×
189
Fashion Jobs
NEEJ
Business Development Manager
Permanent · MUMBAI
LIFESTYLE BRANDS
Regional Sales Manager, Peter England - Bangalore
Permanent · BENGALURU
KITEX GARMENTS LIMITED
General Manager - Merchandiser
Permanent · ALUVA
ZODIAC CLOTHING CO LTD
Sourcing Officer (Fabric & Garment)
Permanent · MUMBAI
LIFESTYLE BRANDS
Head of Marketing, Louis Philippe - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Online Sales &Amp; Merchandising Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU
LIFESTYLE BRANDS
Senior Executive - Garment Technician (ww &Amp; Kids), Pdqa
Permanent · BENGALURU
LIFESTYLE BRANDS
Sales Executive - Kannur &Amp; Kasargod
Permanent · BENGALURU
HIGH FASHION GARMENT COMPANY
Manager Humanr Resource (Male) From Mumbai Only
Permanent · MUMBAI
RAJ KHATRI FILMS PVT LTD
Digital Marketing Executive
Permanent · MUMBAI
ANANDGUPTA COUTURE
Social Media Marketing & Fashion Design Assistant
Permanent · MUMBAI
DESIGNR
Sales Officer
Permanent · NEW DELHI
NETE.IN
CRM & Logistics Executive
Permanent · MUMBAI
FABINDIA OVERSEAS PVT. LTD.
Retail Planner
Permanent · NEW DELHI
SELECTIVE GLOBAL SEARCH PVT. LTD.
Business Development
Permanent · NEW DELHI
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KARIMNAGAR
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · MIRYALAGUDA

Ted Baker sales soar, e-commerce grows even faster

Published
today Nov 17, 2016
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The backdrop may be challenging but Ted Baker had a good quarter in the 13 weeks to November 12. The UK-based fashion and lifestyle retailer said Thursday that its group revenue rose a healthy 14% in the period, ahead of the growth rate for the first half.

Ted Baker is continuing to record good sales growth, especially online


Retail sales were ahead by 15.4% on a reported basis and even on a constant currency basis, revenues still managed to rise 6.7% “despite on-going external factors continuing to impact trading across [its] markets.”

Ted Baker did not give a like-for-like sales figure, however.

The affordable luxury retailer recorded surging e-commerce sales that rose 30.3% in total, or 25.9% in constant currencies. E-tail now represents 15.6% of total sales at the group, it said.

The company increased its retail space by 8.8% during the period, suggesting much of its sales growth came from new space and those rising e-sales. Ted Baker continued its international expansion with openings in Atlanta, Miami and Calgary, and further concession openings in department stores in China, Germany, Japan and Spain. It also relocated its New York Soho store and one of its Hong Kong locations.

But retail is not the only focus. Wholesale turnover for the period increased 13.2% (or 6.7% in constant currencies) reflecting good performances from both its UK and North American businesses. As previously indicated, the group now expects low double-digit wholesale growth (in constant currencies) for the full year.

The retailer also said its product and territorial licensees continue to perform well with licensed store openings in Dubai, South Africa and Mexico.

CEO Ray Kelvin said the reaction to its newer collections has been “very encouraging."

However, full-year results will be dependent on trading conditions over the important Christmas period.

 

Copyright © 2019 FashionNetwork.com All rights reserved.