Close X

Leave a comment


Name:
Email:
Comment:
  I have read and understand the terms and conditions
 

Please click the post button only once - your comment will not be published immediately

Leadership

FEATURED CONTENT

Cisco Customer Kings Cisco Customer Kings

Real Business and Cisco are looking for entrepreneurial firms that provide the very best in customer engagement.
Click here to enter your firm.

  • hot
  • hot

Good growth for Ted Baker

by Catherine Woods - Friday, 3rd October 2008 - (1) comment

Good growth for Ted Baker

Ted Baker founder Ray Kelvin says the clothing retailer remains “understandably cautious” about the second half of the year despite posting a 8.2 per cent increase in revenue to £71.6m.

For the 28 weeks to 9 August, pre-tax profits also lifted 5.4 per cent to £7.4m. Kelvin, the enigmatic entrepreneur who founded Ted Baker in 1988, attributes the performance to “the strength of the Ted Baker brand combined with our successful multi-channel distribution strategy and careful international expansion”.

However, he adds: "The board is mindful of the uncertain economic environment and we remain understandably cautious about trading in the second half of the year."

The company's share price dropped following Kelvin's comments about the economy.

Ted Baker's results follow news from Asos that its sales have soared by 104 per cent for the six months to September 30.

Related articles
Asos soars as the high street suffers
“The UK is dead for small niche chains”
Retailers vs landlords. It’s war

Picture source

1 Comments

December 03, 2008 1:09am
Jason Stanley of Cupid Lingerie.co.uk Says:

Ted Baker is one of the iconic brands of today. That it is weathering the recession better than most should not be surprising. Other high street brands seem to have been reducing quality in an effort to maintain margins, which alienates their existing customers - they still want the quality - they'll just buy less of it. Ted Baker is maintaining excellent quality and design, and no doubt picking up customer lost by other retailers.

BUSINESS NEWS >>

“I will survive this recession,” says Kelly Hoppen

By Rebecca Burn-Callander - January 08, 2009 3:46pm GMT

Designer to the stars, Kelly Hoppen, talks to RB about preparing for her second recession, capitalism and the sad demise of Wedgewood.

Lloyds TSB provides relief to SMEs

By Catherine Woods - January 08, 2009 3:02pm GMT

Lloyds TSB will pass on the Bank of England’s 0.5 per cent base rate cut to all its small business customers with variable rate loans and overdrafts.

How much do you need to retire?

By Stefan Wissenbach* - January 08, 2009 2:44pm GMT

The story of an entrepreneur can often be traced back to his past. But his future is also a vital influence on his business narrative.

Interest rates: reaction to the record low

By Catherine Woods - January 08, 2009 2:04pm GMT

Interest rates are now at their lowest figure ever following the decision by the Bank of England’s Monetary Policy Committee to cut them to 1.5 per cent.

Interest rates cut to 1.5 per cent

By Catherine Woods - January 08, 2009 12:08pm GMT

The Bank of England’s Monetary Policy Committee has cut interest rates by half a percentage point to 1.5 per cent.

Brochures on Saving and investing

BUSINESS COMMENT >>

Valentine’s Day PR puff is starting already

By Catherine Woods - January 08, 2009 4:54pm GMT

My views on Valentine’s Day are well documented.

Do you have a moral compass?

By Catherine Woods - January 08, 2009 3:40pm GMT

Is selling stuff to people who are sick morally wrong? One entrepreneur thinks so and has taken issue with Real Business for writing about companies that do so.

From concept to launch: a start-up's video diary

By Rebecca Burn-Callander - January 06, 2009 5:41pm GMT

Clive Payne has invented a new fitness product. Having turned down a contract with a big American manufacturer, he's decided to launch it himself. Week by week, he will document his progress. We're going to follow him!

The future's not so bright

By Rebecca Burn-Callander - January 05, 2009 4:22pm GMT

The only thing going up in 2009, aside from unemployment, will be sales of antidepressants, says Professor Marvin Zonis

Depressing days and Dave's Big Idea.

By Catherine Woods - January 05, 2009 4:15pm GMT

It comes as no surprise to me that today is considered the most stressful day of the year. I wonder if David Cameron feels the same after his big saving announcement?

Business Comment 

Click here to sign up for the Real Business newsletter

In association with
Real Business Front Cover