Topps Tiles full-year sales rise in ‘tough market’
The flooring specialist has said it expects its full-year like-for-like sales to be up year on year, with profits in line with current market expectations.
The retailer said in a preliminary trading update that it expected full-year like-for-like sales to up 0.6% overall, against flat sales the previous financial year.
Strong like-for-like sales growth in the retailer’s third quarter of 3.8% was dampened by a 1.9% decline in the fourth quarter.
Topps Tiles attributed its fourth quarter sales decline to economic uncertainty and consumer uncertainty.
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