Topps Tiles predicts slowdown after sales surge
By Rob Freeman | 6th January 2021
Topps Tiles reported a significant rise in sales over the last quarter but warned the latest lockdown restrictions would have a major impact.
The tile retailer, which has outlets in Gloucester, Cheltenham, Stroud, Cirencester and Moreton-in March, saw like-for-like sales grow by 19.9 per cent in the 13 weeks to December 26 as many people looked to home improvements during the pandemic.
But more than 340 branches across the country have been affected by the latest lockdown restrictions which came into operation across England from today.
While counter and online markets continue, increased delivery costs are hitting margins while the company said commercial business was recovering slower than other parts of the company.
Chief executive Rob Parker said: "While the latest lockdown restrictions will impact sales, at this stage it is very difficult to estimate the level of impact or how long this may last."
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