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Topps Tiles like-for-likes down in fourth quarter

Topps Tiles said its like-for-like sales edged down 0.9% in its fourth quarter after trading was impacted by political uncertainty. Adjusted revenues for the 52 weeks… View Article

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Topps Tiles like-for-likes down in fourth quarter

Topps Tiles said its like-for-like sales edged down 0.9% in its fourth quarter after trading was impacted by political uncertainty.

Adjusted revenues for the 52 weeks to 28 September are expected to be around £214 million while like-for-like revenues rose by 0.6% on the prior year.

The company said it had made significant progress in the year despite there being a more challenging economic backdrop in its fourth quarter.

Matthew Williams, Topps Tiles chief executive, said: “In retail, the recent launch of our new, industry-leading website brings new levels of inspiration to our customers and further integrates our digital and in-store offer.  In commercial, our investments in building the salesforce, opening new design studios and improving its digital capabilities have enabled Parkside to establish significant momentum in its second year within the group.”

Meanwhile, adjusted pre-tax profit for the year is expected to be in line with market expectations.

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