Topps sees post-election recovery
Topps Tiles has seen a recovery in sales in recent weeks, demonstrating the impact the general election had.
Like for like sales dropped by 5.4% in the quarter to 28 December. However in this period, like for like sales were down by 1.4% in the final five weeks of the quarter.
‘Our first-quarter performance reflects the full impact of the heightened political and economic uncertainty evident in the run up to December’s general election, which we first noted in our 2019 full-year results announcement,’ says Rob Parker, Topps Tiles chief executive.