Topps Tiles reported a 4% increase in sales to £127.7 million for the six months ending March 29, driven by strong March trading. The company noted a slowdown in January but saw improvement through the quarter, with underlying growth accelerating from 3.3% in Q1 to 4.4% in Q2.
Trade sales were a key driver, with total trade revenue for the Topps Tiles brand rising 12% yearly. The number of active traders grew by 11% to 146,000. In contrast, homeowner sales remained weak as consumers remained cautious about major home improvement spending.
The company expects an additional £4 million in costs due to rising wages and national insurance contributions.
Topps Tiles is also appointing a new CEO after Rob Parker announced his departure in January.
Management remains focused on strategic initiatives, including expanding digital services for trade customers and broadening its product range, to support future growth.
