Topps Tiles sales up 21%

Topps Tiles has reported strong sales for the 13-week period ended 1 January.

Sales were up 21% over the period for a two year period.

- Advertisement -

“We have made an encouraging start to the new financial year, with strong customer demand during the first quarter and like-for-like sales growth on both a two year and one year basis against tough comparatives,” said CEO Rob Parker.

“Global supply chain challenges, higher staff absence due to Covid-19 and material cost price inflation continue to provide significant headwinds, however we are managing these challenges effectively.  I am confident that our successful strategy and strong balance sheet leave us well-positioned to deliver sustainable long term growth and our 20% market share goal of ‘1 in 5 by 2025’.”

The group has made many precautions in the last quarter to mitigate against higher shipping costs and inflation.

Latest News

More Articles Like This

Tagdiv Cloud library - template content.