Topps Tiles

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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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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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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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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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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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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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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Topps Tiles sales dip 5.9% to £122.6m in H1

Topps Tiles sales fell 5.9% to £122.6m for the 26-week period ended 30 March 2024, despite a “record revenue performance” in 2023.  The retailer has attributed the lower footfall to a subdued demand in the domestic Repair, Maintenance and Improvement (RMI) sector, especially for bigger ticket projects.  Like-for-like sales were…

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Today’s news in brief-4/1/24

UK retail footfall rose by 6.1% in December driven by a festive shopping surge. Shopping centres led with an 11.1% increase, followed by retail parks (5.9%) and high streets (3.7%). Compared to 2022, footfall edged up by 0.2%, primarily in high streets (+1.2%). However, shopping centres saw a decline of…

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Topps Tiles first quarter LFL sales slip to 7.1%

Topps Tiles has reported that in the 13 weeks to 30 December, like-for-like sales were down 7.1%, continuing the trend seen in the first eight weeks, with sales to trade customers “more resilient” than those to homeowners. According to Topps Tiles, trading in the first quarter reflected the “ongoing challenges…

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