Topps Tiles reports ‘robust’ first-half in tough climate

Topps Tiles

Topps Tiles has reported a fall in interim profits but said it has gained market share and has made an “encouraging start” to the second half of its financial year.

The specialist retailer recorded an 18.8% fall in pre-tax profits to £5.2m in the 26 weeks to March 30, when sales edged down 0.2% to £110.3m.

In the first seven weeks of the new financial year, Topps said like-for-likes rose 1.2% versus a decline of 0.2% in the comparable period last year.

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