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Topps Tiles expects 4.5% fall in like-for-like sales

Topps Tiles, the UK’s largest tiling retailer, is expected to report a 4.5% decline in like-for like sales in its first half.

CITY & CORPORATE

Topps Tiles expects 4.5% fall in like-for-like sales

Topps Tiles, the UK’s largest tiling retailer, is expected to report a 4.5% decline in like-for like sales in its first half.

In a trading statement issued today the group said it expects total revenues to have fallen 2.5% to £86.9 million for the 26 weeks to 31 March when it announces its interim results for the period on 29 May.

The group said that continuing tough trading conditions meant that its sales performance had been broadly in line with management's expectations.

Currently operating 319 stores, the group expects to grow this number to 325 by the end the financial year, in line with previous guidance.

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