Topps Tiles increased its retail like-for-like sales by 1% year-on-year in the 13 weeks to 1 January and by 21% on the same period two years ago.
The retailer said it benefited from good levels of trading extending further into December as customers sought to finish they home transformation projects by Christmas.
During the period, Topps worked to fully mitigate or pass through cost pressures caused by higher shipping costs and general inflation in cost of goods as it looked to protect gross profit. However, it has warned that selling prices will increase by a lower percentage than cost prices, so it expects percentage gross margins to be moderately lower year-on-year as a result.
Meanwhile, Topps’ commercial business saw its sales climb by around 21% in the three-month period.
