Sales rise at Topps Tiles

Daily Mail - - City & Finance -

SALES at Topps Tiles rose 0.2pc for the 26 weeks to March 30 while it opened six stores but closed 13.

Al­though sales fell 1.4pc in the first quar­ter, this was off­set by a 1.8pc rise dur­ing the se­cond.

To­tal rev­enues of £108.8m dur­ing the pe­riod were down from last year’s £109.4m.

Topps, which has 361 stores, has al­ready launched 20 new prod­uct ranges this year. An­a­lysts at Liberum greeted the ris­ing sales, say­ing: ‘ This re­flects a re­silient per­for­mance in a tough mar­ket and gives us con­fi­dence the group’s strat­egy can cap­ture the longer-term op­por­tu­ni­ties.’

Topps Tiles’ chief ex­ec­u­tive Matthew Wil­liams said: ‘I am en­cour­aged by our over­all per­for­mance.’

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