Topps Tiles sales slide but hails ‘resilience’ as stores reopen

Topps_Tiles_4

The specialist retailer, which closed its doors to the public in March, suffered a 53% slump in average weekly sales during the 13 weeks to June 27.

Topps Tiles insisted, however, that the performance came in ahead of the revised expectations it set out at the start of lockdown.

Average weekly sales improved throughout the quarter – in April, sales tumbled 80% year on year, but it stemmed the revenue decline to 20% last month. In the last week of June, like-for-like sales were down 5.4% year on year as customer demand returned.

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now