Saturday, April 20, 2019

Topps Tiles confident following Q2 figures


Topps Tiles’ second quarter results highlight growth as the specialist’s new strategy delivers progress.

Revenue grew 4.9% in the three months to 2 April and total revenues for the first half were £108m, up from £104m last year,.

The home retailer’s new strategy, “out specialising the specialists”, was going well. The initiative involved completing the roll out of new “inspirational” wall displays, replacing third party stands so as to ease the consumer experience.

The Enerdby-based business also launched 17 new tile ranges. Sales from lines introduced over the last year made up for 8.7% of sales. 

“I am pleased to report that the group has continued its encouraging trading performance, with like-for-like sales growth accelerating to 4.9% in the second quarter,” said CEO Matthew Williams.

“Our strategy of ‘Out-Specialising the Specialists’ is continuing to deliver profitable sales growth and we enter the second half of our financial year in good shape, confident that our plans to extend the appeal of the Topps brand will underpin our further progress.”