Topps Tiles’ sales continue to fall as homeowners steer clear of ‘big ticket’ DIY Business The London-listed Topps Tiles Group has seen sales drop year-on-year as it says demand for big-ticket home projects remains low amid a "challenging" macroenvironment.
Topps Tiles blames lower footfall and weak spending for sales slump Retail Topps Tiles has blamed lower footfall in stores and a slowdown in spending on big ticket items for a slide in sales in the first half of the year.
Topps Tiles cautions over sliding sales as annual profits slump tOPPS TILES Topps Tiles cautioned over a “weakening of discretionary consumer spending” that is impacting trading so far in its new financial year, with like-for-like Topps Tiles sales down 6.1% in the first eight weeks.
Topps Tiles stays in black as soaring costs on supplies cools July 5, 2023 Topps Tiles was on track to deliver profit in line with expectations, as it was aided by strong sales in the third quarter and an easing of supply pressures. The home supplies retailer said inflationary pressures on the cost of goods and shipping costs reduced during the period, despite overall UK inflation still sitting at [...]
Topps Tiles share price up on record sales of £130m despite inflation throwing wrench into profits May 23, 2023 Shares in Topps Tiles soared 4.57 per cent this morning as the retailer reported “record” earnings in the first half of the year, crediting a cooling of high inflation and recruitment woes. The London-listed business said sales were up 9.3 per cent year on year to £130.3m, and group gross profit grew 2.7 per cent [...]
Topps Tiles share price soars as retailer shrugs off slowdown in DIY demand April 5, 2023 Topps Tiles share price closed up nearly seven per cent today after the retailer posted bumper revenues for the first half of the year. The Leicester-headquartered business reported a 9.5 per cent jump in revenues to £130.5m in the 26-week period ending April 1, with some £9m of the revenue growth related to its acquisition [...]
Shareholders and investors row before crunch vote on Topps Tiles chairman Darren Shapland January 7, 2023 Topps Tiles has accused one of its top shareholders of misleading other investors with contradictory statements ahead of a crunch boardroom vote. MS Galleon, which owns 29.9 per cent of the tile retailer, last month requisitioned a vote to oust Topps’ chairman Darren Shapland and called for two new non-executive directors to be appointed. The [...]
Topps Tiles tops full year expectations as the DIY boom continues October 5, 2022 Sales continued to climb for Topps Tiles as the DIY boom shows no signs of stopping beyond the pandemic. Group sales in the 52-week period were approximately £247.3m, a second consecutive record year of turnover, with year on year sales growth of 10.6 per cent. Topps Tiles said it continued to perform well against a [...]
Topps Tiles refuses to ditch chairman Darren Shapland despite shareholder revolt July 13, 2022 Retailer Topps Tiles said this afternoon it stands by its chairman months after a significant number of shareholder votes were cast against his re-election. The bathroom and kitchen tile retailer said that Darren Shapland is effective in the role. In January only 78 per cent of shareholder votes were cast for him to continue as [...]
Topps Tiles’ commercial business to climb into profitability next year July 6, 2022 The UK’s largest tile retailer, Topps Tiles, has said its historically loss-making commercial business will climb into profitability next year, as it continues to navigate falling consumer confidence, supply chain challenges and historic levels of inflation. “We remain confident that the business will break even in the second half of the year and then move [...]