Topps Tiles like-for-likes up 6.3% in third quarter
Tiling and flooring retailer Topps Tiles grew its like-for-like revenues by 6.3% in its third quarter.
In a statement, the company said the like-for-like sales momentum seen in the first seven weeks of the second half had been maintained in the 13 weeks to 28 June and that its performance was in line with management expectations.
Topps Tiles chief executive Matthew Williams said: “We firmly believe that Topps is continuing to grow ahead of the overall tile market. Whilst consumer sentiment remains favourable, this performance primarily reflects the focus we have placed on profitable market share gains, with Topps’ authoritative range, outstanding service, multichannel convenience and value for money offering a compelling proposition to customers.
“We remain optimistic about trading conditions for the remainder of the year.”
Topps Tiles, which has a total of 330 stores, also announced that it has successfully completed the refinancing of its loan facilities through to May 2019.
