Topps Tiles Foresees Market Revival – Industry Outlook & Prospects

A Bright Horizon: Topps Tiles Optimistic About Market Recovery

Tile and flooring specialist Topps Tiles hopes for an upturn in business caused by a recovery in the sustained housing market. In March, the firm, which is the most prominent such tile and flooring firm in the whole of the United Kingdom, including wooden flooring that should need little in the way of wood floor repair for many a decade, saw a slight upturn in its “like for like” sales of around 1.8%, which was nonetheless slightly down on the same period last year. Business appears to be taking a turn for the better, largely thanks to a reported increase of homeowners who now efer to stay home and renovate their properties rather than sell up and move to a new proneThat being said, industry analysts fear this may only be a reprieve based on figures so far released in the second quarter of this year. Despite what seems to be a challenging economic climate, Topps Tiles still does not intend to rest on its laurels. The company continues to move forward with its stated plans to open seven new stores, making a total of 320 across the entire United Kingdom. Topps Tiles predicts that their profits for 2012 will be somewhere in the region of over 17 million UK pounds, which will amount to almost a million pounds more than the profits recorded in 2010.

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