Record year for Topps Tiles as sales soar

Topps Tiles, the Leicester-based retailer, says it is headed towards record sales for the year to October 2.

Preliminary figures show that group revenues in the 53-week period were around £227.5m – a new record performance, despite a quarter of the year including trading restrictions and a lockdown.

Topps says that its forecasted profits will be slightly ahead of expectations.

Rob Parker, CEO, said: “The group has delivered an excellent final quarter and we have achieved a record level of annual revenue, despite operating with trading restrictions for significant parts of the year. These results are testament to the hard work and commitment of our colleagues, and I thank them again for their unwavering dedication and support.

“Like-for-like sales were strongly ahead of 2019 in the final quarter but were also above the same period in 2020, when our sales bounced back strongly following the first national lockdown. This performance reflects a robust level of consumer demand but also underlines the strength of our growth strategy and the success of initiatives such as our improved value range and investment in our award-winning digital offer. We remain confident on the outlook, against a backdrop of strong demand for DIY products and continued investment into home improvements.”

Click here to sign up to receive our new South West business news...
Close