Topps Group

Today we announced our trading results for the first quarter of our new financial year, with Group sales up 4.6%, and the decision by our Chief Executive to retire from Topps Group after 18 years with the business. In the announcement, Rob Parker said the Group strategy was delivering strong results – especially in the key areas of focus of trade and digital. Topps Tiles trade sales were up 13.5% year-on-year, Pro Tiler grew by 20% and also completed the relocation to a new 140,000sq ft warehouse, and online-only Tile Warehouse sales were up 140% for the first quarter. He said: “While it is still early in the financial year, we are pleased to see the Group return to sales growth in the first quarter; our strategy is delivering and we are well-positioned to achieve our Mission 365 goal over the medium term.” He added: “Following 18 very happy years with the business I have decided to step away from a full-time executive role and have informed the Board that I intend to retire from the end of 2025; this will therefore be my last year with the Group. The Board has activated its succession plan and commenced a search process for a new Chief Executive Officer. I remain fully committed to the business for the whole of 2025.” The full results are available at www.toppsgroup.com  

Today we have announced our full year financial results for FY24. Topps Group saw sales of £248.5 million, down 5.4% on the previous year and an adjusted profit of £6.3m. The Group has significantly outperformed a tough market and launched a new goal of ‘Mission 365’ – to deliver £365m of sales over the medium term. The first 8 weeks of our new financial year have seen an important return to sales growth with a modest increase of +1.2% YoY. Whilst the forward indicators for our market remain mixed, we will continue to deploy our strategy and invest in our business for the future. Full results are available at www.toppsgroup.com.

  Today we have announced our Q4 trading update. You can read the full statement at www.toppsgroup.com. Sales across the Group for the year are approximately £248 million. This is around 6% lower than last year’s record turnover, but broadly in line with our sales from two years ago. With the UK market down 10-15% year-on year, we are confident this outperforms the wider market, and we will continue to move closer towards delivering our Mission 365 goal. We would like to thank all colleagues across our Group brands and look forward to a successful year for Topps Tiles, Parkside, Pro Tiler, Tile Warehouse and CTD.  

We understand that many of our colleagues, suppliers, and customers are aware of CTD Tiles’ filing for administration this week. While we are pleased to announce the transfer of 30 stores and the preservation of over 100 jobs, we recognise the challenges ahead for colleagues from stores that have closed. We extend an invitation to CTD colleagues to apply to join our business. You can find our current vacancies at jobs.toppstiles.co.uk. If there isn’t a position available in your location or at your level, please don’t hesitate to reach out to our recruitment team at recruitmentteam@toppstiles.co.uk. We wish the best for everyone affected by this news.

Last week marked the beginning of our yearly charity summer fundraiser for Alzheimer's Society and our amazing colleagues have already made such a brilliant start with raising over £3500 already! For this year’s campaign, which is running over a 5-week period, we are having fun with the Olympic theme. We've had bike rides, bake offs and Karaoke, and it’s been so lovely seeing our colleagues embracing the campaign across the Topps Group! #charity #olympics

Today we announced our trading update for Q3. You can read the full statement at www.toppsgroup.com. The trading environment has remained challenging with Group sales down 6.9% year-on-year for Q3, and down 6.3% YoY for the 39 weeks of this financial year, but with the UK tile market down 10-15% we remain confident that we are continuing to grow our market share. Chief Executive Rob Parker said: “We are well positioned to benefit when the market begins to recover, with our growing market share, leading brands, specialist expertise and world-class service, underpinned by a strong balance sheet. We will continue to focus on our strategy to deliver medium-term growth in both sales and profits, as we look towards our Mission 365 goal.”