Topps Tiles is the leading tile retailer in the UK with around a third of the tile market. Since its first store was opened in Manchester in 1963, the company now trades through more than 300 stores. It also has a boutique store format that lets Topps trade through high street locations and appeal to a wider audience. Retail Week provides news, analysis, features and opinion about Topps Tiles and the home and DIY sector.
The Competition and Markets Authority (CMA) has identified competition issues with Topps Tiles acquisition of CTD Tiles.
Topps Tiles has reported surging sales during the first quarter as the search for a new chief executive begins to succeed long-serving boss Rob Parker.
The biggest shareholder in tiles specialist Topps Tiles is reportedly calling for the board to overhaul its top team and strategy following a raft of “costly blunders” at the business.
Topps Tiles saw sales drop as shoppers held back on big-ticket home improvement spending.
Investment bank Peel Hunt has downgraded its profit forecasts for six retailers, including struggling fast fashion player Boohoo and cycling and motoring specialist Halfords, due to the effects of changes to national insurance made in the recent Budget.
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