Sales slide at UK flooring retailer Topps Tiles after Brexit vote



British flooring retailer Topps Tiles said sales were growing at a slower rate in the fourth quarter of its financial year, dragged down by weaker consumer confidence following Britain's vote to leave the European Union.
Britain's economy has held up better than expected following the June 23 vote, but surveys have shown consumer confidence took a hit in the immediate aftermath of the referendum.
The tile supplier said it grew sales to a new record in the year to Oct. 1, but indicated market conditions in the final three months had deteriorated.
Like-for-like sales were up 1.4 percent in... read more

 
5 October 2016 in Business, Views: 35
Source: Reuters
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