Topps Tiles - further improvement in trading at end of Q125. CEO retiring from company

Topps Tiles has reported an encouraging trading update that shows a good acceleration in the rate of year-on-year sales growth in the most recent five weeks of Q125 to continue the previously indicated return to growth. On an underlying basis, group sales ex CTD Tiles increased by 8.4% in the last five weeks of Q125 versus the 1.2% growth previously reported for the first eight weeks of the period. An easier comparative as the quarter progressed (from -3% in first eight weeks of Q124 to -4% for Q124 as a whole) helped a little but there is a clear improvement in sales towards the end of the period. Against a challenging backdrop the company is making progress on its five key growth areas under its Mission 365 goal, and it is clear that its initiatives to drive incremental revenue from trade ...

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