THE RETAIL BULLETIN - The home of retail news
Lest we forget
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
THE Retail Conference
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Topps Tiles hails strong fourth quarter performance

Topps Tiles has said trading in its fourth quarter was strong after sales were boosted by a robust home improvement market. In the 13 weeks to… View Article

HOME AND DIY RETAIL NEWS

Topps Tiles hails strong fourth quarter performance

Topps Tiles has said trading in its fourth quarter was strong after sales were boosted by a robust home improvement market.

In the 13 weeks to 26 September, retail like-for-like sales rose by 16.5%.  Topps Tiles said the good end to the year has meant that its board now feels confident that the company will generate a modest level of adjusted profit pre-tax for the year to 26 September.

Rob Parker, Topps Tiles chief executive, said: “Our retail business has performed strongly over the final quarter and our order bay provides an encouraging view of the early weeks of the new financial year.  While the commercial market is rebuilding more slowly, impacting on the recovery trajectory of our commercial business, it remains a key part of our longer term growth strategy.”

Meanwhile, the company’s revenues for the 52 week period to 26 September are expected to be in the region of £192 million compared to £219 million in the previous year.  

Looking ahead, Parker added: “I remain very positive about the longer term outlook for the group but also recognise that the continuing impact of the Covid-19 pandemic may lead to more difficult trading conditions over the short to medium term. As market leader, and with our strong balance sheet, the business is well positioned to navigate these conditions and to meet future challenges.”

 

 

Subscribe For Retail News