Topps Tiles sales growth slows
Like for likes in positive territory
The UK showed overall revenue growth of 6.6% (2007: up 12.1%) with like-for-like revenue up 0.7% (2007: up 4.6%). Holland showed overall revenue growth of 16.5% (2007: up 34.8%) with
like-for-like revenue up 2.6% (2007: up 19.5%). Topss traded from 302 stores, having opened 5 new stores, and closed or relocated 4 during the period.
Barry Bester, co-founder and Non-Executive Chairman will tell shareholders ‘At the full year results announced on 27 November 2007, we reported that for the first 7 weeks of trading in the new financial period total revenues increased 8.4% and like for like revenues were up 1.1%. I am pleased to report that trading in the first 13 weeks of our new financial period has remained
positive, with overall revenue up by 6.9% (2007: up 12.7%) and like-for-like revenue up 0.8% (2007: up 5.0%) despite a persistently tough retail market’.
