Skip to main content

+44 (0) 121 237 1130

info@bheta.co.uk

Join BHETA

Retailer Viewpoint – Topps Tiles

Topps Tiles

Retailer Viewpoint – Topps Tiles

Topps Tiles recorded a decline in H1 l-f-ls for the first time since FY 2012/13 as the retailer struggled against a stiff comparative and weak consumer confidence throughout the period. The spike in housing transactions ahead of last April’s stamp duty rise supported Topps in 2016, but the benefits of this has now fully unwound following a sharp fall in people moving house for the remainder of 2016. Topps’s decision to pull out of wood flooring, while offset by its new XL tile and wood effect flooring tile range, contributed to sales falling by a net of 1% for the half.

This decline over its first half would have been steeper if not for the inclusion of an additional trading day, which boosted l-f-ls by 0.3%. With this being counterbalanced in its second half, l-f-ls growing by 6.2% in Q3 2016 and consumer confidence set to remain weak, achieving growth in its second half will be challenging even with Topps aiming to open a further eight stores. It is now essential for Topps to focus on trade customers, who will be more resilient than homeowners. The retailer is taking steps in this direction after focusing on signing up tradesmen to its Rewards+ loyalty programme, with 11,000 new members joining in Q2, taking the total number to 35,000.

Source: GlobalData 4th April 2017

April 2017


Strictly Necessary

These cookies are required for our website to operate and include items such as whether or not to display this pop-up box or your session when logging in to the website. These cookies cannot be disabled.

Performance

We use 3rd party services such as Google Analytics to measure the performance of our website. This helps us tailor the site content to our visitors needs.

Functional

From time to time, we may use cookies to store key pieces of information to make our site easier for you to use. Examples of this are remembering selected form options to speed up future uses of them. These cookies are not necessary for the site to work, but may enhance the browsing experience.

Targeting

We may use advertising services that include tracking beacons to allow us to target our visitors with specific adverts on other platforms such as search or social media. These cookies are not required but may improve the services we offer and promote.

Change Settings

Welcome. You can control how we use cookies and 3rd party services below

Change Settings Accept
Learn how we use cookies