Topps dip slows

Topps Tiles has seen its fall in sales slow slightly in recent weeks.
While like for like sales in the seven weeks to 21 May fell by 2.1%, performance improved in the six weeks to 2 July, leaving a drop of 1.9% for the quarter.
Overall sales dropped by 1.6%, compared with a 2.5% drop in 2010.
The 313 store chain says it target of opening another seven branches by the end of September was on track and it ‘will continue to focus on achieving the efficiencies necessary to drive improved gross margins which will help to offset some of the impact of the challenging environment.’



