UK's Topps Tiles profit nearly halves on weak home repair and maintenance demand
(Reuters) -British tile retailer Topps Tiles posted an about 50% slump in annual profit on Tuesday, hurt by weak demand in home repair and maintenance sector, as broader economic woes continue to weigh on customer spending.
Topps Tiles hit by weakness in home repair and improvements market
Topps Tiles has reported a decline in full year revenue and profit after facing a challenging repairs, maintenance and home improvement (RMI) market. Group revenue fell by 4.1% to £251.8 million in the 52 weeks to 28 September while adjusted pre-tax profit declined to £6.
Topps Tiles posts hefty loss as market shrinks
Topps Tiles, the Leicester-based tile specialist, has slumped to a hefty full-year loss on the back of a shrinking market.
Topps Tiles profits tumble amid ‘difficult’ trading environment
Tile specialist Topps Tiles posted a slump in full-year profit on Tuesday as revenue declined in a "difficult" trading environment, amid weaker customer demand.
UK's Topps Tiles annual profit halves on weak home repair and maintenance demand
British tile retailer Topps Tiles posted an about 50% slump in annual profit on Tuesday, hurt by weak demand in home repair and maintenance sector, as broader economic woes continue to weigh on customer spending.
Topps Tiles profits nearly halve as consumer demand remains sluggish
Topps Tiles profits fell sharply this year as sluggish demand in the home repair and maintenance sector and broader economic woes weighed on consumer spending.
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