Investors crack into Topps Tiles after strong Christmas trade
Topps saw sales rise by 3.4% in the 13 weeks to the end of December and was helped by the “strong outperformance” of the tile market as a whole
Company
Topps Tiles PLC
LON:TPT
Topps Tiles PLC is engaged in the retail and wholesale distribution of ceramic tiles, wood flooring and related products. The company operates in three retail operating divisions: Topps Tiles (Topps), Tile Clearing House (TCH) and Topps Floorstore (Holland). The wholly owned subsidiaries of the company are Topalpha Limited, which is engaged in property management and investment; Multi Tile Limited, which is engaged in retailing and wholesaling of ceramic tiles, wood flooring and related products; Topps Tiles Holdings, which is an intermediate holding company; Topps Tiles Distribution Limited, which is engaged in the wholesale and distribution of ceramic tiles, wood flooring and related products; Topps Tiles (UK) Limited, which is engaged in the retailing and wholesaling of ceramic tiles, wood flooring and related products, and Topps Tiles Holdings BV, which is engaged in retailing and wholesaling of ceramic tiles, wood flooring and related products. Topps Tiles is traded in the ISDX Exchange HERE
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In a trading update for the 26 weeks to 1 April 2017, the retailer said its like-for-like revenues decreased by 1.9% after a 4.1% drop in the second quarter, with first quarter sales up 0.3%.
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