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Topps Tiles announces Q2 sales up 4.9% LfL

Published: 6 April 2016
Total revenues for the 26 weeks ending April 2 at Topps Tiles stood at £108m, the retailer announced today, up £4m on last year, equating to a 4.7% like-for-like rise.
Topps Tiles announces Q2 sales up 4.9% LfL
The first quarter saw sales up 4.4% LfL, and up 4.9% in Q2. Topps said the sales growth during the period's second quarter was impacted by the earlier Easter, which fell within the first half of its trading year in 2016.

The 26 weeks saw the roll-out of new wall displays in stores which have replaced third party stands, and have been designed to make the full range of products easier for customers to shop. The second quarter saw the launch of 17 new tile ranges, with sales from lines launched in the last 12 months accounting for 8.7% of all sales.

Topps chief executive officer Matthew Williams 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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