Trading continues to be tough for flooring specialist Topps Tiles but the retailer's performance has showed a slight improvement in recent weeks.
The firm said on Tuesday that like-for-like sales had fallen by 4.2% in the first quarter, but noted a slight pick-up from the 6.9% LFL revenue decline seen in the first seven weeks of the year.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Topps, which currently trades from 320 stores, expects to open five more stores during the financial year.
Shares were down 2.91% at 25p by 14:38 despite an upgrade by Peel Hunt from hold to buy. According to Peel Hunt analyst John Stevenson, "Tiles remains a service-driven product, with Topps extremely well placed to benefit from eventual economic recovery."
-
Two thirds of easy access savings accounts come with restrictions – can you access your savings in an emergency?Out of the top 30 easy access savings on the market, 22 come with some sort of restriction on how fast you can access your money, according to new research.
-
Most popular London boroughs: Full list of in-demand places to move toA deluge of people move to or within Britain’s capital each year – but which area is the most popular? We look at the most in-demand London boroughs in 2025.
