MARKET REPORT: Topps Tiles blames the cold weather as it warns of a sales go-slow sending shares down 13%



Flooring company Topps Tiles has blamed that pesky 'Beast from the East' for a sharp decrease in sales.
In a trading update, Topps said that the cold snap of February and March, as well as an early Easter, led to a 2.2 per cent drop for the three months to the end of March.
The firm, which sells 530m square feet of tiles a year – enough to cover more than 9,300 football pitches – also said there had been a slowdown in the market.
But despite this, Topps' revenue was up 0.6 per cent in the six months to March 31.
Matthew Williams, chief executive of Topps, said: 'After a strong start to the... read more

 
4 April 2018 in Business, Views: 142
Source: Daily Mail
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