Topps Tiles sales surge as reopening beats expectations July 1, 2020 Topps Tiles today hailed a successful reopening after the coronavirus lockdown, saying sales were ahead of its revised expectations for the period. Shares in the firm jumped on the back of the news, rising over eight per cent to trade at 48p. In June, average weekly sales at the company hit £3.3m, just 20 per [...]
What next at Next? Retailer to update on Christmas trading January 2, 2024 Retail investors across the UK will be eyeing up Next’s festive trading update as they attempt to figure out how good or bad the Christmas period was for the sector.
Topps Tiles share price jumps on 2020 profit forecast following robust summer sales August 13, 2020 Topps Tiles share price rose by more than 13 per cent this morning after a trading update revealed it is expecting to make a “modest” profit in 2020 after a strong start to its final quarter. The tile specialist has seen a surge in demand since stores reopened at the start of July and has [...]
Topps Tiles warns on profit and suspends dividend March 26, 2020 Topps Tiles has issued a profit warning and does not expect to pay a dividend this year as it closes stores amid the coronavirus outbreak. The tile specialist said the pandemic will result in a “material reduction” to expectations for revenue and profit and is not expecting to pay an interim dividend this financial year. [...]
Topps Tiles swings to a loss and announces plan to reopen all stores next month May 19, 2020 Topps Tiles has outlined plans to reopen all of its stores by the end of next month, as the retailer announced it swung to a loss in the first half of the year. The tile retailer reported a loss before tax of £4m in the 26 weeks to 28 March, compared to a profit of [...]
Topps Tiles shares plunge on half-year profit warning February 27, 2020 Topps Tiles issued a warning today that first half profit will fall “materially” below market expectations due to Brits dodging home improvement and a 2019 full of Brexit uncertainty. Shares plunged 25 per cent in early trading, after investors had expected a profit in the range of £13.5m to £14.5m. The home improvement retailer said [...]
Topps Tiles blames political uncertainty for sales slump January 8, 2020 Topps Tiles’ sales sank in the final quarter of last year, which the firm blamed on political and economic uncertainty in the run up to the General Election. Like-for-like retail revenue dropped 5.4 per cent in the 13 weeks to 28 December. Read more: Topps Tiles chief executive quits after 12 years In the first [...]
Topps Tiles chief executive quits after 12 years November 5, 2019 Topps Tiles chief executive Matt Williams has announced plans to step down this month and will be replaced by the group’s finance chief. Williams will step down on 29 November following the publication of the company’s full-year results earlier that week, but will remain as an advisor to the business until the end of May [...]
Topps Tiles warns General Election jitters are causing its sales to slump November 26, 2019 Topps Tiles posted a dip in profit for its full-year results today, as it warned the upcoming General Election has hurt customer demand. The figures Profit before tax slipped 1.6 per cent year on year to £12.5m for the 12 months to the end of September. Revenue climbed 1.1 per cent to £219.2m while Topps [...]
Topps Tiles shares sink on fourth quarter sales dip October 2, 2019 Shares in Topps Tiles dipped this morning as the company revealed political uncertainty hurt fourth quarter trading. The tile retailer said like-for-like sales fell 1.9 per cent in the fourth quarter as uncertainty impacted consumer confidence. Shares fell 6.5 per cent this morning. Read more: Brokers urge investors to buy Topps Tiles shares as sales [...]