Topps Tiles sales slide but hails ‘resilience’ as stores reopen
Topps Tiles sales slid during its third quarter as the pandemic hammered its top line.
The specialist retailer, which closed its doors to the public in March, suffered a 53% slump in average weekly sales during the 13 weeks to June 27.
Topps Tiles insisted, however, that the performance came in ahead of the revised expectations it set out at the start of lockdown.
Average weekly sales improved throughout the quarter – in April, sales tumbled 80% year on year, but it stemmed the revenue decline to 20% last month. In the last week of June, like-for-like sales were down 5.4% year on year as customer demand returned.
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