Topps Tiles has reported tough trading in the October to December period with like for like sales down 7.1% year on year. Topps had previously reported October to November sales down by 6.1%, so December is estimated to be between 8-10% down YoY. Total sales growth was down by 4% year on year.Topps said: “Like-for-like sales in Topps Tiles were down 7.1% in the first quarter, continuing the trend seen in the first eight weeks, with sales to trade customers proving more resilient than sales to homeowners. Trading remains strong in online pure play, with significant year on year sales growth, led by Pro Tiler Tools. Our Parkside commercial business is performing in line with our expectations and is profitable in the year to date.”
