Skip navigation

Gloucestershire Business News

Another record year for Topps Tiles

Topps Tiles has celebrated a third consecutive year of record sales.

The retailer, which has stores in Cheltenham, Gloucester, Stroud, Cirencester and Moreton-in-Marsh, saw sales rise 6.3% to £262.7m, as reported by Retail Gazette.

And the retailer confirmed it had achieved its 'one in five' market share goal two years ahead of schedule.

Sales per store for the 52 weeks to September 30 were up 30% compared to pre-pandemic levels.

But profit before tax was down 37.6% from £10.9m in 2022 to £6.8m, which the retailer said was due to inflation.

Topps Tiles said inflationary pressures began to ease in the second half of the year and it believes it is well-placed to continue to take market share in the current year.

Related Articles

EXCLUSIVE: Heating firm folds amid financial chill Image

EXCLUSIVE: Heating firm folds amid financial chill

Staff told to go home after difficult trading conditions.

British Gas site in Gloucester to become self storage business Image

British Gas site in Gloucester to become self storage business

The land off Horton Road was once home to a huge gasholder

Cheltenham £23.6m budget approved with 2.99% council tax rise Image

Cheltenham £23.6m budget approved with 2.99% council tax rise

Ruling Lib Dems said a "challenging savings strategy" was needed as Government funding is still outpaced by rising costs

Austin Design Works announces B Corp certification Image

Austin Design Works announces B Corp certification

Nailsworth-based Austin Design Works has become a Certified B Corporation™ (B Corp).

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.