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Topps Tiles grows first-half sales by 6.4%

Published: 25 March 2015
Topps Tiles said today in a trading statement that business had been "encouraging" in its first half, delivering further growth in sales.
Topps Tiles grows first-half sales by 6.4%
Total revenues at the UK's largest tile specialist for the 26 weeks to March 28 2015 will be around £104m, 6.4% up year on year. Like-for-like revenues for the period will have increased by some 5.2%.

Ceo Matthew Williams said: "I am pleased to report that trading has been encouraging...These trading results compare to a particularly strong period in the prior year and reflect a two-year like-for-like growth in excess of 15%.

"Looking ahead, while experience tells us that the forthcoming UK general election may add some short-term uncertainty to trading patterns, rising levels of disposable income should support increased consumer spending on home improvements."

He said the group was well positioned to continue to grow market share "as we accelerate our plans to extend the appeal of the Topps brand". The retailer grew its share of the market to 30.3% in 2014, from 22% in 2007.

Topps Tiles is currently trading from a total of 339 stores.

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