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Topps Tiles

  • Shareholders and investors row before crunch vote on Topps Tiles chairman Darren Shapland

    Topps Tiles

    Topps Tiles has accused one of its top shareholders of misleading other investors with contradictory statements ahead of a crunch boardroom vote. MS Galleon, which owns 29.9 per cent  of the tile retailer, last month requisitioned a vote to oust Topps’ chairman Darren Shapland and called for two new non-executive directors to be appointed. The [...]

  • Topps Tiles tops full year expectations as the DIY boom continues

    topps tiles resilient results

    Sales continued to climb for Topps Tiles as the DIY boom shows no signs of stopping beyond the pandemic. Group sales in the 52-week period were approximately £247.3m, a second consecutive record year of turnover, with year on year sales growth of 10.6 per cent.  Topps Tiles said it continued to perform well against a [...]

  • Topps Tiles refuses to ditch chairman Darren Shapland despite shareholder revolt

    Chair not going anywhere

    Retailer Topps Tiles said this afternoon it stands by its chairman months after a significant number of shareholder votes were cast against his re-election. The bathroom and kitchen tile retailer said that Darren Shapland is effective in the role. In January only 78 per cent of shareholder votes were cast for him to continue as [...]

  • Topps Tiles’ commercial business to climb into profitability next year

    July 6, 2022

    The UK’s largest tile retailer, Topps Tiles, has said its historically loss-making commercial business will climb into profitability next year, as it continues to navigate falling consumer confidence, supply chain challenges and historic levels of inflation. “We remain confident that the business will break even in the second half of the year and then move [...]

  • 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 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 [...]

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