skip to main content
  • *
  • *
Find Insight DIY on
* * *


Topps Tiles profit falls

The company, which sells wood and tile flooring from 309 stores in Britain, said total revenue for the first seven weeks of the current period fell 5 percent, while like-for-like sales decreased 4.3 percent.

"The economic environment remains challenging for retailers, with consumer confidence and discretionary spending continuing to show signs of weakness," Chief Executive Matthew Williams said in a statement.

For the 27 weeks ended April 3, the company said its pretax profit before exceptional items fell to 7.8 million pounds from 8.7 million pounds last year.

Revenue rose 4.3 percent to 91.4 million pounds, while like-for-like sales were up 2 percent.

Topps Tiles shares, which have fallen about 38 percent over the past three months, closed at 49.5 pence on Tuesday on the London Stock Exchange.

Source : Reuters

02 June 2010
view more UK DIY News

Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.

Paul Boyce - European CEO, QEP Ltd.

Don't miss out on all the latest, breaking news from the DIY industry