Topps Tiles sales slip due to ‘ongoing challenges’
Topps Tiles has posted a dip in sales in its first quarter due to “ongoing challenges to discretionary consumer spending” as the cost-of-living crisis continues to take its toll.
For the 13 weeks to December 30, 2023, the tile retailer posted a 4% dip in group sales year on year, while like-for-like sales during the quarter were down 7.1%.
Topps Tiles noted that sales to trade customers had proved “more resilient” than sales to homeowners during the period.
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