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Topps Tiles like-for-like sales rise by 4.9% in second quarter

Topps Tiles increased its like-for-like sales by 4.7% in the first half of its financial year after like-for-like sales rose by 4.9% in its second quarter.

GENERAL MERCHANDISE

Topps Tiles like-for-like sales rise by 4.9% in second quarter

Topps Tiles increased its like-for-like sales by 4.7% in the first half of its financial year after like-for-like sales rose by 4.9% in its second quarter.

Total revenues for the 26 weeks to 2 April were £108 million compared to £104 million in the corresponding period last year.

The company said it is continuing to make good progress with its strategy of "Out-Specialising the Specialists".

During the period, specific initiatives included the roll out of new wall displays to replace third party stands, the launch of 17 new tile ranges and the opening of four new stores. Topps Tiles is currently trading from 342 stores including 13 boutique stores.

Matthew Williams, Topps Tiles chief executive, said: "I am pleased to report that the group has continued its encouraging trading performance, with like-for-like sales growth accelerating to 4.9% in the second quarter. Our strategy of 'Out-Specialising the Specialists' is continuing to deliver profitable sales growth and we enter the second half of our financial year in good shape, confident that our plans to extend the appeal of the Topps brand will underpin our further progress."

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