THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Topps Tiles like-for-likes slip due to 'weaker consumer environment'

Topps Tiles saw its like-for-like sales decline by 2.3% in its third quarter as it faced a “challenging” trading environment.

HOME & DIY

Topps Tiles like-for-likes slip due to 'weaker consumer environment'

Topps Tiles saw its like-for-like sales decline by 2.3% in its third quarter as it faced a “challenging” trading environment.

In an update for the 13-week period ending 1 July, the tile retailer said trade had been impacted by a weaker consumer environment.

Matthew Williams, Topps Tiles chief executive, added: "The trading environment remained challenging during the third quarter but we are pleased with the resilience of our performance which we believe remains ahead of the overall tile market.“

The company is now trading from 375 stores after opening two new shops and closing three stores in the quarter.

During the period, Topps launched extensions to its Statements range with tiles that can be used outdoors. In addition, it continued its store investment programme and now has 140 stores featuring its latest merchandising treatments.

It is also continuing to expand into the commercial segment of the tile market through its Parkside business.

Williams said: “Our business has a market leading position, remains well-invested and is in a strong position to capitalise on future growth opportunities as they arise. We have approximately doubled the size of our addressable market through our expansion into the commercial tile market segment and are focused on leveraging our specialism and competitive advantage across both retail and commercial channels."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The HR Summit 2018
The HR Summit 2018
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues