Topps Tiles unveils new growth strategy as it swings to loss

Topps Tiles has unveiled a new growth strategy after swinging to a loss amid weakened demand.
The tile specialist is targeting £365m in full-year sales over the medium term – around £100m higher than 2023 levels– with adjusted pre-tax margins of 8% to 10% as part of its ‘Mission 365’ plan.
Topps Tiles chief executive Rob Parker said: “Notwithstanding the challenges of current market conditions, we believe that Topps Group has a substantial opportunity to