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Topps is ‘Out-specialising the Specialists’
Big ticket spending is under severe pressure in the UK, so expectations ahead of Topps Tiles’ (TPT) half year and second quarter trading statement (4 Apr) are rather subdued. Nevertheless, at the start of 2018 (9 Jan), the UK’s biggest tile specialist reported a 3.4% uplift in first quarter like-for-like sales, a pleasing outperformance of the overall tile market thanks to Topps’ winning strategy of ‘Out-specialising the Specialists’. Investors can also expect an update on Topps’ recent expansion into the commercial market via the £1.1m acquisition of Parkside Ceramics.