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 over 300 stores. It also has a boutique store format that lets Topps trade through high street locations and appeal to a wider audience.
Topps Tiles advises consumers and traders on products, and sells floor and wall tiles, accessories and aftercare solutions.
Over the past few years, it has also established a toehold in the commercial market through the acquisition of two small UK specialists. Stores remain at the heart of Topps’ strategy with 90% of customers visiting a store as part of their purchase.
But the retailer is investing in strengthening multichannel and is using technology to enhance the customer experience and inspire its shoppers. Recent initiatives include a series of visualisation tools and the launch of a new website, including omnichannel technology capability.
Topps Tiles’ financial performance is inextricably linked to the property market, which has come under pressure on the back of political and consumer uncertainty surrounding Brexit.
The Original Factory Shop has appointed recent Topps Tiles boss Matt Williams as its executive chairman as chief executive Emma Fox exits for a new role.
Topps Tiles sales slid during its third quarter as the pandemic hammered its top line.
Topps Tiles has swung to a loss in the first half of its financial year amid what it called a “challenging trading environment”.
Dixons Carphone, Quiz and Topps Tiles have all removed their guidance on profits following the government mandate that they shut all their stores to stem the spread of coronavirus.
Topps Tiles has warned that profits will fall below expectations after continued tough trading.
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