Topps Tiles has reported that like-for-like revenues increased by just 0.3% in its first quarter as the retailer faced a “softer” trading environment.
Carpetright has reported a 3.8% decline in first half revenue to £222.3 million as like-for-like sales in the UK fell by 2.9%.
Tile specialist Topps Tiles has reported a rise in both sales and profits in the year to 1 October with growth driven by new ranges, an increase in trade customers, and new store openings.
Home furnishing retailer IKEA increased its sales by 8.9% year-on-year to £1.72 billion in the UK in the year to 31 August 2016. This marks the fifth consecutive year of sales growth for the business.
Homewares retailer Dunelm has agreed to acquire the assets of WS Group for £8.5 million through a wholly owned subsidiary Globe Online. The WS Group consists of Worldstores, Kiddicare and Achica.