The flooring specialist has said it expects its full-year like-for-like sales to be up year on year, with profits in line with current market expectations.
The retailer said in a preliminary trading update that it expected full-year like-for-like sales to be up 0.6% overall, against flat sales the previous financial year.
Strong like-for-like sales growth in the retailer’s third quarter of 3.8% was dampened by a 1.9% decline in the fourth quarter.
Topps Tiles attributed its fourth-quarter sales decline to economic uncertainty and consumer uncertainty.
Chief executive Matthew Williams said: “Despite continued tough market conditions it has been a year of significant strategic progress for the Topps Group. In Retail, the recent launch of our new, industry-leading website brings new levels of inspiration to our customers and further integrates our digital and in-store offer.
“In Commercial, our investments in building the salesforce, opening new design studios and improving its digital capabilities have enabled Parkside to establish significant momentum in its second year within the Group.
“Our sales growth across the group for the year as a whole compares favourably with the overall tile market. However, political uncertainty continued to weigh on consumer confidence in the final quarter and we expect this to remain a feature until there is greater clarity.
“Longer term, we are confident that our growth strategy will continue to deliver market outperformance.”
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