Wednesday, July 26, 2017

Topps Tiles posts solid sales growth amid post-Brexit fears

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Topps Tiles have reported a solid third quarter sales growth, shrugging post-Brexit fears with confidence it could outperform the market.

The tiling and flooring retailer said like-for-like sales grew 6.2 per cent, as its refurbishments and product ranges continue to be a success.

“Our focus on the successful strategy of ‘Out Specialising the Specialists’ has enabled us to deliver healthy like-for-like sales growth of 6.2 per cent in the third quarter, with initiatives to extend the appeal of the Topps brand continuing to attract new customers,” chief executive Matthew Williams said.

“While it is currently too early to ascertain the implications of the result of the UK referendum, we remain confident in the longer term outlook for our business and in our ability to outperform the market.”

In May, Topps Tiles unveiled an 11 per cent increase in first-half pre-tax profits to £10.1 million on sales of £108 million.

 

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