Tapi trading 'bang on'
Martin Harris, Tapi chief executive says he is in awe of what the chain’s employees have achieved since its launch.
The chain has grown to 46 stores, with six more due to open shortly and a further 43 identified to open before the end of the year.
Harris wants 200 branches by 2018. Tapi also has mobile showrooms covering 10 areas of the UK, including south Wales, Kent and north-east Scotland.
‘We are not in a rush. We are making sure we find the right stores for the brand in locations that best fit the demographic,’ says Harris.
He says trading is ‘bang on expectations’ and the chain should break even by 2017 and become profitable the following year.
‘We are in awe of what the team has achieved.’ He attributes part of this to 60% of staff buying shares in the chain, a figure he says exceeded his expectations. ‘It’s key to us that all the colleagues are invested. There’s power in ownership. The staff don’t waste things and they look after their investment,’ he told Retail Week.