Topps Tiles reports a significant profit drop to £6.3M due to economic challenges and weak demand.

Topps Tiles, a UK home improvement retailer, reported a significant drop in profits, falling to £6.3 million from £12.5 million last year, due to weak consumer demand and economic challenges. The company also saw a revenue decline from £262.7 million to £248.5 million. Topps Tiles warned of increased costs in 2025 due to budget measures and inflation, though recent sales showed a slight improvement.

November 26, 2024
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