Topps Tiles
This coverage focuses on Topps Tiles’ operations and strategy within the UK retail market, highlighting store performance, product development, marketing campaigns, leadership changes, and financial results. Reporting offers insights for professionals monitoring the home improvement and specialist retail sectors, with attention to competitive positioning and operational execution.
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Jan- 2025 -8 JanuaryDIY
Topps Tiles CEO to step down as sales return to growth
Topps Tiles has announced that CEO Rob Parker will retire from the business after 18 years as sales returned to growth in the early weeks of the new financial year. Parker joined the retailer in 2007 and served as CFO for 12 years before becoming CEO in 2019. He will…
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Dec- 2024 -2 DecemberDIY
Topps Tiles defends strategy after major shareholder criticism
Topps Tiles has defended its performance and strategy following criticism from a major shareholder, who accused the tile retailer of showing a “complete failure” after sales and profits fell in its full-year results.According to The Times, Topps Tiles’ largest shareholder, Austrian investor MS Galleon, is calling for an overhaul of…
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Oct- 2024 -3 OctoberNews-In-Brief
Today’s news in brief-3/10/24
Tesco has reported a robust first half of the financial year, marked by increased sales and profits, prompting an upward revision of its full-year guidance. The supermarket giant achieved a 10% rise in retail operating profits to £1.56bn, with statutory operating profits climbing 13% to £1.6bn. This growth was supported…
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3 OctoberDIY
Topps Tiles sales dip 5.7% in Q4
Topps Tiles has seen a 5.7% decline in group sales to £248m for the 52-week period ended 28 September 2024. Group sales for the year, excluding revenues from the assets acquired from the administrators of CTD1, were broadly “in line” with the year ending September 2022. The tile specialist said…
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Aug- 2024 -20 AugustDIY
Topps Tiles rescues CTD Tiles out of administration
Topps Tiles has acquired the brand and assets of CTD Tiles in a £9m deal after the company fell into administration this week. The deal includes the CTD Tiles brands, 30 stores, selected stock and its intellectual property from CTD Tiles Limited. CTD supplied tiles to the retail, trade and commercial…
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Jul- 2024 -3 JulyNews
Today’s news in brief-3/7/24
JD.com is reportedly considering a bid for parcel delivery company Evri, progressing to the second stage of bidding after making a non-binding offer last month. Competing companies include InPost and Cainiao, Alibaba Group’s logistics arm, as well as Apollo Global Management. Evri, formerly Hermes, has been exploring options including a…
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3 JulyDIY
Topps Tiles Q3 sales fall 6.9% amid ‘subdued demand’
Topps Tiles has reported that sales were 6.9% lower year-on-year during the third quarter to 29 June, as the trading environment remained “broadly unchanged” from that described in its interim results on 21 May. It revealed group sales were also 6.2% lower than the prior year in the 39-week period.…
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May- 2024 -21 MayNews
Today’s news in brief-21/5/24
Zuber Issa is poised to acquire the UK arm of EG Group, a move indicating the Issa brothers’ business paths are diverging. This acquisition excludes Cooplands bakery, certain Starbucks outlets, and EG’s electric vehicle charging business, Evpoint, with the deal expected to conclude by late June. Additionally, Zuber Issa is…
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21 MayDIY
Topps Tiles sees profits and sales fall amid ‘weak market’
Topps Tiles posted a loss before tax of £1.5m for the 26 weeks ended 30 March 2024 as it faced a “challenging” tile market. The group also saw revenues decline 5.8% to £122.8m, down from £130.3m the previous year. It said this was impacted by lower footfall which led to…
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Apr- 2024 -3 AprilNews
Today’s news in brief-3/4/24
Amazon is reportedly discontinuing its Just Walk Out checkout system in US Amazon Fresh stores, opting instead for Dash Carts, which allow shoppers to pay as they shop. The move, announced by Tony Hoggett, Amazon’s senior vice president of grocery stores, aims to enhance customer experience by integrating features like…
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