Topps Tiles like-for-likes up 5.9% in third quarter
Tile and flooring retailer Topps Tiles saw its like-for-like revenues climb by 5.9% in its third quarter as it continued to grow its market share.
The company said it made good progress in its strategy of “out-specialising the specialist” in the 13 weeks ended 27 June.
Initiatives included the opening of a new Lab Store in Worcester, which trials new merchandising treatments inspired by Topps Tiles Boutique store format, and the launch of 14 new and exclusive ranges. Topps Tiles also opened two core stores and six Boutiques to take the total number of stores to 346.
Matthew Williams, Topps Tiles chief executive, said: “Trading in the third quarter has been encouraging, with like for like sales growth at 5.9%, building on the positive trend we reported for the first half.
“With our plans to extend the appeal of the Topps brand well underway, we remain well-positioned to continue to grow our market share in the remainder of the year.”
