THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
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
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Topps Tiles delivers record first half sales

Topps Tiles has attributed its record first half trading to the strength of its brands, strategy execution and “encouraging” market conditions. In the 26 weeks to… View Article

HOME AND DIY RETAIL NEWS

Topps Tiles delivers record first half sales

Topps Tiles has attributed its record first half trading to the strength of its brands, strategy execution and “encouraging” market conditions.

In the 26 weeks to 1 April 2023, the group’s revenues increased by 9.5% year-on-year to £130.5 million. Around £9 million of revenue growth related to Topps Tiles’ acquisition of Pro Tiler Tools and the launch of Tile Warehouse in 2022.

Meanwhile like-for-like sales at Topps Tiles were up 4.3% in the period and the retailer delivered revenue of £115.8 million, which was a record for the business as a standalone brand. Sales per store were 30% higher than pre-pandemic levels.

Rob Parker, chief executive of Topps Tiles, said: “Our performance across the first half has been good, with a record period for group revenues, supported by like-for-like sales growth in Topps Tiles of 4.3% and an excellent post-acquisition performance from Pro Tiler Tools.

“The economic outlook remains uncertain but early signs of easing supply chain pressures, allied to the group’s strong balance sheet, world class customer service, specialist expertise and growth strategy give us confidence in our ability to drive value for all stakeholders over the medium term.”

Subscribe For Retail News