Topps Tiles snags majority stake in online tiling supplier March 10, 2022 Topps Tiles has snagged a majority stake in an online tiling supplier, in a bid to bolster its retail and commercial brands. The London-listed tiling company has acquired a 60 per cent share of the supplier for £5.3m in cash. Chief executive Rob Parker added that the deal also moves the company closer to its [...]
Topps Tiles hails record turnover with Brits still hooked on home repairs May 24, 2022 Topps Tiles, the UK’s largest tile specialist, has hailed a record turnover for the first half of the year, with Brits still hooked on repairing and improving their homes following the easing of lockdown restrictions. The London-listed retailer snagged £199m in the six months to 2 April, up more than 15 per cent in comparison [...]
Rush to renovate homes boosts Topps Tiles October 6, 2021 Brits rushing to renovate their homes after spending months locked down lifted tile maker Topps Tiles’ profits this year. Higher than expected profits were generated by the company registering £227.5m in income, its best ever take. Rob Parker, chief executive, said: “We remain confident on the outlook, against a backdrop of strong demand for DIY [...]
Topps Tiles reports soaring retail sales thanks to new products November 30, 2021 Topps Tiles has declared a record year of revenue despite lockdown restrictions earlier this year. In results for the 53 weeks ended 2 October, the group posted retail like-for-like sales up 19.6 per cent. “We believe this performance underlines the strength of our strategy and the success of new initiatives including the expansion of our [...]
Topps Tiles lays foundations for ‘sustainable growth’ as sales up 21 per cent in Christmas rush January 12, 2022 Topps Tiles announced a confident outlook in this morning’s trading update for the 13-week period ended 1 January, with like-for-like sales on a two-year basis up 21 per cent.
Topps Tiles boosted by Brits craving home improvement after lockdown June 30, 2021 Topps Tiles reported a surge in sales in the first three months since stores have been allowed to reopen, after lockdown restrictions at the beginning of the year heavily impacted the group’s performance. On a two year basis compared with 2019 before the pandemic, retail like-for-like sales increased by 12.9 per cent over the third [...]
Topps Tiles reports mixed six months after lockdown closed stores May 18, 2021 In the six months to 27 March, Topps Tiles produced a profit before tax of £4m, after lockdown restrictions in the first three months of the calendar year heavily impacted the group’s performance. The retailer reported a half year of contrast this morning, with retail like-for-like sales up nearly 20 per cent in the first [...]
Topps Tiles puts in resilient performance despite lockdown closing stores March 31, 2021 Topps Tiles saw revenue grow in the first half of its 2021 financial year despite the recent coronavirus lockdown closing its stores and halting its commercial work. In the 26 weeks ending 27 March, the tile specialist saw revenues of £103.6m, down slightly from £106m during the same period in 2020. In the first [...]
Topps Tiles warns of sales hit from new lockdown January 6, 2021 Topps Tiles this morning warned that it would take a sales hit from the new lockdown, which has forced the firm to close its aisles to customers. The warning came as the London-listed firm said that sales had increased 20 per cent on a like-for-like basis for the first three months of the new financial [...]
Topps Tiles posts 78 per cent drop in profit on virus-led closures December 1, 2020 Topps Tiles has posted a 78 per cent slide in full-year profit and did not propose a final dividend, as coronavirus restrictions prompted the company to close stores temporarily in the third quarter. The company’s adjusted profit before tax slumped to £3.6m for the 52 weeks ended 26 September, from £16m a year earlier. The [...]