Growth at Ted Baker

Ted Baker expects the growth of retail sales and licence income to continue to exceed that of wholesale sales during this year. The company has reported a 6.4 per cent rise in revenue for the 19 weeks to 9 June from last year's equivalent as retail sales increased by 12.8 per cent during the period. 'We are pleased to report that trading across the group has been in line with our expectations, said chief executive Ray Kelvin in a trading update.

Wholesale revenues were down 6.7 per cent on the same period last year as conditions have remained difficult for some of the firm's wholesale customers. Ted Baker is one of the fastest-growing leading lifestyle brands in the UK. Its collections have expanded rapidly since its beginnings as a menswear brand in Glasgow in 1987.

Ted Baker has a portfolio of stores in the UK and the USA and is also present in leading department stores. After signing three new territorial license agreements, Ted Baker continues it's global expansion with the opening of stores in Hong Kong, Singapore, Bangkok and two in Dubai before Christmas 2006, with plenty more planned for 2007.

www.tedbaker.com
12 June 2007

Strong retail sales for Ted Baker

British fashion and lifestyle group Ted Baker has posted bullish preliminary results for the year ended 27 January 2007. Pre-tax profits rose 9.2 percent to £20 million on revenues up 6.6 percent to £125.6 million. The company cited a strong performance of the brand in the UK and the US, particularly in retail. Average retail square footage increased 7.5 percent during the year. Meanwhile, licensing income showed strong growth, up 14.3 percent. Ted Baker recently started development of its label in the Middle East and Asia through licensing agreements. It opened six licensed stores in the region, of which two in Dubai, in Singapore, Bangkok, Jakarta and Hong Kong.

Wholesale sales, however, dropped 3.5 percent to £36.5 million. “In the interim statement we reported that some of our trustees had experienced difficult market conditions, which would impact on our whole performance for the year,” said chief executive Ray Kelvin, adding that the outcome was better than previously expected, thanks to an improved performance in the second half. In a statement, non-executive chairman Robert Breare said that the company expected conditions would remain “difficult” for some its wholesale customer. “We have also taken action in respect of certain customers where their profile is no longer appropriate for our brand,” he said. “As a result, we expect wholesale sales to be slightly below the level achieved last year.”

In terms of the collections, both men's and women's wear performed well, with sales gains of 7.5 percent and 6.6 percent respectively. Men's wear accounts for 56.8 of total sales, while women's wear represents 39 percent of the total. Children's wear and footwear, representing 4.2 percent of total sales, dipped from £5.5 million last year to £5.3 million. The group is optimistic about the current year. Total retail sales were up 12.1 percent in the first seven weeks of this year and the company plans to expand its retail space by some 10,000 square foot. “We have made an encouraging start to the current year and the Ted Baker brand is in excellent health,” said Breare. “At this stage we remain confident of another year of growth and development.”

General analyst concensus is outperform.

www.tedbaker.co.uk
21 March 2007

Ted Baker H1 sales and profit up

Fashion group Ted Baker has posted a 6.9 percent rise in group revenue for first half to £61.1 million. Retail sales in the 28 weeks ended 12 August gained 10.4 percent to £39.4 million, while wholesale sales inched forward 1.1 percent to £21.7 million. Profit before tax increased 11.3 percent to £7.0 million, up from £6.3 million during the same period the year before. Operating profit rose 12.6 percent to £7.0 million. Chairman Robert Breare said retail gross margin was 64.3 percent as opposed to 65.9 percent last year due to a proportion of sales having been generated in the US , the opening of another outlet store and a strong end of season sale. The group increased its retail space during the period by 8.6 percent, while it continued its expansion in the US with the opening of its second largest US store in California . Breare said the company was “pleased with its performance to date.”

The wholesale division performed well given a challenging market, Breare said. Sales rose 1.1 percent due to earlier phasing of the winter collection. Had this not occurred, sales would have dropped 6 percent. Meanwhile, the company's licensing business remained unchanged from last year at £1.8 million.

Ted Baker's women's wear division delivered a particularly strong result with sales up 11.7 percent to £24.3 million, while men's wear gained 5.6 percent to £34.0 million. The company's other collections, children's wear and footwear, generated sales of £2.8 million, down from £3.2 million last year. The collections represent 4.5 percent of group revenues. Executives could not be reached for comment.

Ray Kelvin, Ted Baker's founder and chief executive, said in a statement that the company had been “encouraged by the positive reactions from our customers to the autumn/winter 2006 collections.” Recent results for the first seven weeks of the second half had been promising. Retail sales were up 14.7 percent, while wholesale sales gained 6.8 percent. However, Breare said he expected wholesale sales for the full year to be lower than last year due to difficult market conditions facing some of its wholesale partners. He also said that the group had opened four concessions in the UK during the half year and will open a store in Bath before the end of the year and added that the group's retail licensee had opened the first store in Hong Kong .

www.tedbaker.co.uk
5 October 2006

Ted Baker sees international growth

High street retailer Ted Baker has seen its international sales grow, not bad for a company which was once a single shirt specialist store in Glasgow and now an international brand to be reckoned with. Preliminary results for the 52 weeks ended 28th January 2006, show that group revenue rose by 11.4 per cent to £117.8 million (2005: £105.8 million), retail sales up 11.7 per cent to £80.1 million (2005: £71.7m), wholesale sales up 10.8 per cent to £37.8 million (2005: £34.1 million) and licence income up 9.4 per cent to £3.5 million (2005: £3.2 million)

The retail division currently consists of 102 retail locations, comprising 19 UK stores, 7 overseas stores, 68 concessions and 8 outlet stores.

During the year, Ted Baker opened a 'Best in Show' store in Los Angeles in June and a new 3,500 sq.ft. store in November, as part of the expansion to the exclusive North Park centre in Dallas. The company also expanded the New York store, with additional space dedicated to Womenswear collections, based around an English Tea Party theme.

Ted Baker's first Asian territorial licence was signed in October 2005 with the Li & Fung Group of Companies and in December 2005 a second Asian territorial licence and a Middle East licence was completed with RSH Ltd which covers retail distribution of the Ted Baker brand in Singapore, Malaysia, Thailand, Indonesia, UAE, Saudi Arabia, Bahrain, Qatar, Oman, Kuwait and Lebanon.

Commenting on the results, Ray Kelvin, Chief Executive, said, “We are pleased to report another year of international success for Ted Baker despite a tough domestic retail environment. Design, product quality and attention to detail continue to drive the performance of the brand. Our multi-channel distribution strategy is providing a strong foundation for our global expansion. We are now carefully launching Ted Baker in Asia and the Middle East through licence agreements and over the next few years the distribution of our brand will extend to a further sixteen countries”.

“While being cautious of the economic outlook, we remain confident in the long term strength of the Ted Baker brand.”

www.tedbaker.com
22 March 2006

Ted Baker sees sales rise

Fashion retailer Ted Baker has reported a 10.7 percent increase in sales in its retail division in the seven week period ended 24 December 2005.

The chain, which operates approximately 100 stores in the UK, the US and France, also said that it had signed new agreements to expand in Asia and the Middle East, reported Reuters.

“We are pleased to report strong sales both in the UK and overseas despite a tough retail environment. We remain committed to the international development of the Ted Baker brand and are confident of a successful outcome for the year,” chief executive Ray Kelvin said in a statement.

In October of last year Ted Baker recorded a rise in pre-tax profits of 12.4 percent to £6.3 million for the first half.

www.tedbaker.co.uk
19 January 2006

Ted Baker continues expansion

British clothing brand Ted Baker plc has announced that it has signed a second Asian territorial license and a Middle East license. The licenses have been made with RSH Limited, a leading marketer, distributor and retailer of sports and fashion brands across Asia and the Middle East.

RSH, which operates 390 stores and 480 shop-in-shops in 11 countries and is listed on the Singapore Stock Exchange, will take over responsibility for retail distribution of the Ted Baker brand in Singapore, Malaysia, Thailand, Indonesia, the UAE, Saudi Arabia, Bahrain, Qatar, Oman, Kuwait and Lebanon. The licenses will run for six years, with a possible renewal of a further five years pending certain performance criteria.

The new license agreements compliment the brand's earlier agreements with Li & Fung for retail and wholesales distribution in Hong Kong, Macau, China, Taiwan and South Korea.

The brand is also expanding in the US, with the recent opening of a store in Dallas. Ted Baker now has seven US stores in Las Vegas, Los Angeles, New York, San Francisco, San Jose, Miami and Dallas.

www.tedbaker.co.uk
5 December 2005

Ted Baker reports increase H1 profit

British fashion chain Ted Baker has reported a 12.4 percent increase in H1 pre-tax profits.

First half sales grew 16.6 percent to £35.7 million, although the company said growth in the second half had thus far been weaker. It slowed down to 44.7 percent in the seven-week period ended 1 October compared with the same period last year.

The company also announced its plans to expand into the Asian market, revealing that it had secured its first territorial license in Asia with the Li & Fung Group. According to the deal, the group will be allowed to retail and distribute the brand within Hong Kong, Macau, China, Taiwan and South Korea.

It also added that growth in the US was progressing as planned.

www.tedbaker.co.uk
6 October 2005

Ted Baker bucks trends

Despite poor high-street results, UK fashion chain Ted Baker has reported a 21 per cent increase in annual profits for 2004. The brand attributes its success to the "quirky" sense of humour of its designs. Great demand for men's wear appears to be an added stimulus.

Ted Baker said that the double-digit sales growth - from GBP 84 million to GBP 105.76 million - had pushed progits to GBP 16.8 million, compared to GBP 13.9 million in 2003. For the first six weeks of 2005, sales rose 23 per cent.

Ted Baker operates 21 shops in the UK and ten international shops, selling adults' and children's wear. It also sells its clothing through 600 other shops.

www.tedbaker.co.uk
21 March 2005

Ted Baker debuts in Amsterdam

High street retailer Ted Baker is to make its European trade show debut at District, the Amsterdam fashion trade show.

On show will be the brand's mainline, sitting next to other exclusive dutch brands such as Margriet Nanning, Analik, Nike, Onitsuka Tigerand Aquascutum. District is aiming to give rival Bread & Butter in Berlin a run for its money and is on the way to becoming one of the must-see trade fairs in Europe.

The event runs from 28-30 January 2005 at the famous Westergasfabriek on the Haarlemmerweg in Amsterdam, just west of the city centre.

www.tedbaker.co.uk
12 January 2005

Ted Baker posts 26% profit jump

Fashion house Ted Baker Plc has reported full-year pre-tax profit of £13.9 million for fiscal 2003, a 26 per cent year-on-year increase.

- Group turnover up by 26.6% to £88.8m (2003: £70.2m
- Profit before tax up 26.0% to £13.9m (2003: £11.0m, before one off charges) and up 46.6% compared to profit before tax after one off charges (2003: £9.5m)

Commenting on the results, Ray Kelvin, Chief Executive, said: “I am proud to announce another year of success for the Ted Baker brand as we continue to manage carefully our international expansion whilst maintaining the unique Ted ethos. Our excellent financial results are testimony to the continued appeal of our collections and the fantastic teams at Ted who make it all happen. I am also delighted to announce the imminent opening of Ted’s revolutionary “Endurance” store in Covent Garden. This store will showcase the “Endurance” collection and will introduce Ted’s new and innovative approach to the experience of selecting a suit.”

CHAIRMAN’S STATEMENT: I am delighted to report another set of very strong financial results for Ted Baker. During the year we made excellent progress in following our brand development strategy. That strategy is based on three main elements: considered expansion of our collections; controlled distribution through three main channels – retail, wholesale and licensing; and carefully managed development of overseas markets. I would like to thank everyone at Ted Baker for another successful year for our business.

I am pleased to announce that we have extended the initial period of our licence agreement with Hartmarx Corporation Inc. (“Hartmarx”) by three years to 31 December 2008. Hartmarx has committed to further guaranteed minimum licence income of $6.6m over this period.

Results Group turnover increased by 26.6% to £88.8m (2003: £70.2m) for the 53 weeks ended 31 January 2004. Operating profit increased by 24.4% to £14.3m (2003: £11.5m, before one off charges) and by 43.9% compared to operating profit including one off charges (2003: £9.9m). Profit before tax increased by 26.0% to £13.9m (2003: £11.0m, before one off charges) and by 46.6% compared to profit before tax including one off charges (2003: £9.5m). Adjusted basic earnings per share increased by 22.0% to 22.7p per share (2003: 18.6p per share) and by 42.8% compared to basic earnings per share (2003: 15.9p per share). Dividends The Board is pleased to recommend a final dividend of 6.4p per share (2003: 5.8p) making a total for the year of 9.6p (2003: 8.7p) an increase of 10.3% over the previous year. The final dividend will be payable on 25 June 2004 to those shareholders on the register on 21 May 2004. Current Trading We have made a good start to the new financial year with total retail sales ahead by 8.4% for the first seven weeks, compared with the same period last year. Wholesale sales are 97.5% ahead, mainly reflecting earlier phasing of deliveries. We remain confident of another successful year for the growth and development of our brand. Robert Breare Non-Executive Chairman

CHIEF EXECUTIVE’S REVIEW

Strategy
I am pleased to report another strong year for the Ted Baker brand as we continue carefully to manage our expansion both in the UK and overseas. Our excellent financial results demonstrate the continued success of our collections. We successfully opened our second largest store to date at the Shambles in Manchester and launched our exclusive “Global” collection for men in September 2003. We continue to make good progress in developing the brand in the US, both through our own retail stores and with our licencee, Hartmarx.

Retail The retail division performed very strongly during the year as we continued to adapt our store portfolio to accommodate our broader range of collections. Retail sales grew by 25.7% to £61.3m (2003: £48.8m). The average retail square footage rose by 30.0% over the period to 98,888 sq. ft. (2003: 76,091 sq. ft.). At 31 January 2004, total retail square footage was 103,787 sq. ft. (2003: 91,813 sq. ft.) representing an increase of 13.0%. Sales per square foot decreased from £641 to £620 reflecting in particular the opening of larger than average stores where sales per square foot are lower. UK sales per square foot increased by 1.5% from £668 to £678. At 31 January 2004, the retail division consisted of 87 retail locations comprising 18 UK stores, 4 overseas stores, 59 concessions and 6 outlet stores. We have relocated two stores in Manchester to the Shambles development and in London we closed two stores, and opened in the Duke of York’s Square development on the Kings Road. We opened 16 concessions in leading department stores and an outlet store in Bicester Village. In the United States both New York and San Jose exceeded our expectations but our Miami store performed below expectations due to the delayed development and immaturity of the centre in which it is located. In Europe, our store in Paris continued to perform in line with expectations.

Wholesale
The development of the wholesale division is a key element of the low-risk expansion strategy of the Group. This division performed very strongly as we continued to add new trustees and sell new collections to existing trustees. Sales from the wholesale division rose by 28.7% to £27.5m (2003: £21.4m). This result reflects the continued success of our established collections, Ted Baker, Ted Baker Woman and Endurance, as well as the development of more recent collections including Ted Baker Jean, Accessories, Childrenswear and Homewear.

Licence Income
Licence income increased by 25% to £2.5m (2003, 52 weeks: £2.0m) reflecting the continued development of our product and territorial licences. Hartmarx continued to expand and develop the US wholesale business. The Ted Baker brand is now stocked by top independent stores and leading department stores such as Bloomingdales, Nordstrom and Parisien. We remain confident of the long term prospects of the brand in the US and to this end have extended the initial term of our licence agreement with Hartmarx for a further three years to 31 December 2008. In return Hartmarx has guaranteed minimum licence income for this period amounting to $6.6m. Two renewal periods, each of three years, are subject to Hartmarx achieving certain performance criteria. Pentland Group PLC, our shoe licencee, had another excellent year, again exceeding our expectations. Our fragrance licencee, Knowledge Merchandising Inc. Ltd. (KMI), made good progress during the year and our watch licence with Zeon Ltd. saw growth ahead of our expectations. Our original licence for opthalmics and sunglasses expired in the summer and was not renewed. We have since appointed Mondottica Limited to this licence and are very pleased with the progress made to date. The territorial licence for Australia and New Zealand, which we announced last year, had no financial impact on this year. We are very encouraged by the early success of the launch of the brand in 2004.

Collections

Menswear turnover increased by 27.2% to £45.7m (2003: £35.9m) and Womenswear grew by 19.9% to £36.4m (2003: £30.4m) as we continued to extend the breadth of our ranges. Other collections contributed turnover of £6.7m (2003: £3.8m), which represented an increase of 74.2%. This underlying growth particularly reflects the success of our more recently launched Childrenswear and Footwear collections.

Outlook

The current year has started well and we have very exciting brand development opportunities in prospect. In the UK we have opened a new store in Stansted airport (March 2004) and plan to open two more stores in Guildford and Westbourne Grove (London) in the first half of the year. We expect to relocate our existing Nottingham stores to one larger location during the second half of the year. Overseas, we are delighted to announce that we have recently secured an excellent retail location in Union Square, San Francisco, which we expect to open during the second half of the year. We continue to consider other opportunities in the US. Perhaps most exciting of all is the imminent launch of our revolutionary “Endurance” store in Covent Garden. This store will showcase the successful “Endurance” collection and will introduce Ted’s new and innovative approach to the experience of selecting a suit. Ray Kelvin Chief Executive.

www.tedbaker.co.uk
24 march 2004

Ted Baker Foresees Christmas Rush

Trendy fashion label Ted Baker had its sights on the Christmas rush as they posted a sharp rise in first half profits. The group, which has wholesale and licensing operations as well as its chain of shops and concessions, said initial reaction to its autumn and winter collections had been positive.

Finance director Lindsay Page said: "Barring any unforeseen disaster I would be confident of a strong Christmas. "We have a great set of clothing, that's the key thing for us, and I think the UK consumer, particularly the younger consumer has been resilient."

The group pointed to steady expansion on the high street driving a 26% rise in over-the-counter sales as it reported a 53% rise in pre-tax profits for the 28 weeks to August 9 to £4.6 million - topping City forecasts.

3 October 2003
www.tedbaker.co.uk

Ted Baker Meeting Sales Expectations

Clothing chain Ted Baker said trading since 25 January year-end was in line with expectations. Chairman Robert Breare said: "The board remains confident of a successful outcome for the year and of the significant growth potential and global appeal of the Ted Baker Brand."

30 September 2003
www.tedbaker.co.uk

Ted Baker’s sales have improved

Ted Baker, the designer clothing brand, announces a 19.3% improvement in sales in its retail division for the period from 1 November to 24 December 2002 against the same period last year. Retail gross margins have also improved. Stock levels are in line with expectations and Ted Baker will enter the new season with a clean stock position.

On 30 November, Ted Baker opened its largest store to date in Floral Street, Covent Garden. With nearly 8,000 sq. ft. of retail space the store provides a great showcase for their broad range of collections. Customers have responded positively. Now, there are plans to relocate at least three other stores during the coming year, to try and improve the size and quality of their portfolio.

www.tedbaker.co.uk
January 17, 2003

Ted Baker posts sales increase

Ted Baker, the designer clothing brand, is delighted to announce today that retail sales in the period from 1 November to 24 December 2001 were 24.7% ahead of retail sales for the same period last year.

Retail gross margins have improved since the first half but remain slightly below retail gross margins for the same period last year reflecting the additional outlet stores now open. Stock levels are in line with expectations and we will enter the new season with a clean stock position.

Commenting on trading, Ray Kelvin, Chief Executive, said: “The Ted Baker brand has performed strongly during the important Christmas period and we remain confident in the outcome for the full financial year.” Ted Baker plc will be announcing its preliminary results for the year to 26 January 2002 on 26 March 2002.

Enquiries: Ted Baker: Tel: 020 7255 4800
www.tedbaker.co.uk
14-Jan-2002