Topps Tiles is the leading tile retailer in the UK with around a third of the tile market. Since its first store was opened in Manchester in 1963, the company now trades through more than 300 stores. It also has a boutique store format that lets Topps trade through high street locations and appeal to a wider audience. Retail Week provides news, analysis, features and opinion about Topps Tiles and the home and DIY sector.
Topps Tiles has issued a profit warning, blaming margin pressures from ongoing macroeconomic uncertainty and “extreme heatwave conditions”.
Topps Tiles chief executive Alex Jensen said the retailer “remains a market outperformer”, despite reporting a slump in pre-tax profits.
Specialist retailer Topps Tiles is to shut a tranche of shops is it responds to “softer” trading conditions.
The eponymous business achieved a 2% increase in like-for-likes in the first quarter to December 27, helped by a 3.7% advance in its trade business and category extensions.
The incoming new chief executive of Topps Tiles has hailed the retailer’s “encouraging results” as it swung back to profitability for the full financial year.
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