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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Nov- 2023 -28 NovemberNews
Topps Tiles PBT falls to £6.8m despite record revenues
Topps Tiles has revealed its profit before tax fell 37.6% to £6.8m in FY23 despite reporting a third consecutive record year of revenues as they increased 6.3% to £262.7m. The retailer said that sales per store were up 30% compared with pre-pandemic levels due to further improvements to its customer…
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Oct- 2023 -4 OctoberNews
Today’s news in brief-04/10/23
Aurelius Group, the parent company of Lloyds Pharmacy, has reportedly emerged as a contender in the race to acquire The Body Shop. This places Aurelius Group alongside Elliot Advisors, owner of Waterstones, and private equity firm Epiris as potential buyers. The move comes following The Body Shop’s decision to put…
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4 OctoberDIY
Topps Tiles welcomes record turnover for third consecutive year
Topps Tiles has seen revenues hit £263m in FY23, marking the third consecutive year of record turnover for the group, with sales now £40m above FY19 levels. Sales rose by 6.4% against the prior year after a “significant outperformance” in the UK tiling market, as the group said it is…
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Jul- 2023 -26 JulyFeatures
From Tesco to tiles: The eight largest mergers and acquisitions of 2023
This year has seen a large number of M&A deals in the retail industry. In fact, the number of UK retail merger and acquisition deals increased by 23% in the last year, a five year high, according to data from law firm RPC. With more and more retailers looking for…
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5 JulyDepartment Stores
Topps Tiles sees sales rise 4.4% in Q3 2023
Topps Tiles, the UK’s leading tile specialist, has revealed that its total sales increased 4.4% year-on-year in the third quarter, according to its trading update for the 39-week period ended 1 July 2023. It also reported that for the year-to-date 39-week period, total sales growth was 7.6% year-on-year. The group…
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May- 2023 -23 MayDIY
Topps Tiles HY profits drop despite record sales
Topps Tiles has seen its profit before tax drop to £1.7m compared with £5.6m in the same period last year, for the 26 weeks ended 1 April 2023. This profit drop comes despite the company posting £130.3m in sales, a record for a six-month period and an increase of 9.3%…
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18 MayPeople Moves
Topps Tiles lines up Paul Forman as chair designate
Topps Tiles has announced the appointment of Paul Forman as an independent non-executive director and chair designate of the company. The news comes as its current chair, Darren Shapland, is now in his ninth year and, therefore, nearing the end of his maximum term under the UK Corporate Governance Code.…
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Apr- 2023 -25 AprilClothing & Shoes
JD Sports appoints two new directors to board
JD Sports has appointed Angela Luger and Darren Shapland as its newest non-executive directors, with effect from 1 June 2023. Following their appointments, Luger will join the remuneration committee while Shapland will join the audit and risk committee. Luger brings a “wealth” of retail and non-executive director experience to the…
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5 AprilDIY
Topps Tiles revenues hit ‘record’ high in H1
Topps Tiles has welcomed a period of “record” revenues for the group in the first half of the year, with revenues of £130.5m, £11.3m or 9.5% higher than the prior year. Around £9m of its revenue growth in the period was attributed to the acquisition of Pro Tiler Tools and…
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Feb- 2023 -14 FebruaryDIY
Former Topps Tiles CEO acquires Tile Giant out of administration
Specialist retailer Tile Giant has been sold out of administration to two separate companies; Stiled Holdings and CTD Tiles. Interpath Advisory were named as administrators on 13 February 2023 and instantly sold the business to the two parties. Stiled Holdings, which is lead by the former Topps Tiles CEO Matt…
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