Overcast

Overcast

max temp: 11°C

min temp: 9°C

ESTD 1874 Search

The pigs are coming. Find out more about

Pigs Gone Wild

here.

Retail: Strong end to 2013 for Topps Tiles and Dunelm

10:18 07 January 2014

Topps Tiles said today that like-for-like sales rose9.3% in the 13 weeks to the end of 2013.

Topps Tiles said today that like-for-like sales rose9.3% in the 13 weeks to the end of 2013.

Archant

More signs of a recovery in household spending emerged today after Topps Tiles reported a big rise in sales and homewares specialist Dunelm rebounded from a difficult summer.

Topps said a strong December helped like-for-like sales rise 9.3% in the 13 weeks to the end of the year, while Dunelm lifted sales by 2.9% over the same period after a fall of 5.3% in the heatwave summer.

Analysts believe Topps is well placed to benefit from a stronger housing market though the company said it remained cautious about whether it can maintain the level of performance over the year.

Its first quarter figures come against flat sales in the previous quarter, and compare with a 1.6% rise in the same period a year before.

Chief executive Matthew Williams said: “Topps traded strongly over the first quarter, with an acceleration in like-for-like sales growth over the final month of the period.

“Whilst we are encouraged by this and remain optimistic about the prospects for 2014, at this early stage of the year we remain cautious of projecting forward this level of performance.”

The group trades from 328 stores. Analysts at N+1 Singer said: “Topps should benefit from an improving housing market.”

Dunelm suffered after a poor summer period when sales dropped 5.3% on a like-for-like basis.

A first-ever TV advertising campaign helped second quarter trading, the group said, while the opening of a new delivery centre helped internet business to progress. But sales were still 0.9% down over the half.

Chief executive Nick Wharton said: “Dunelm traded robustly during this key period with our trusted ‘every day low price’ positioning retaining a strong appeal for customers.”

He said the board remained confident in long-term growth in profits. Half-year total sales were £356.3 million and pre-tax profits for the first half of the year are expected to be £61.5 million.

The group, founded as a market stall selling curtains in 1979, now has 131 superstores and aims to increase the number to 200.

0 comments

From left, Monthind partner Simon Biggs, Paul Prime, managing director of Atkins Gregory, Greg Gregory, founder of Atkins Gregory, and Monthind partner Tony Felgate. shaking hands of Monthind's acquisition of Atkins Gregory.

East Anglia cleaning company Monthind has expanded with thea acquisition of Cambridge-based commercial cleaning contractor Atkins Gregory.

Innovators, investors and entrepreneurs from the East of England at the Venturefest East event at Newmarket Racecourse.

More than 800 innovators, investors and entrepreneurs gathered in Newmarket to showcase what the region’s technology sector has to offer.

Some of the current apprentices at Ransomes Jacobsen in Ipswich.

Turf maintenance equipment manufacturer Ransomes Jacobsen will be taking its apprentice recruitment drive to the Suffolk Show at the start of next month.

The Bentley Fire Shop team with the company's International Gold Distributor Sales Achievement Award from Central Boiler, presented at the US company’s biennial dealer convention in Las Vegas.

An Essex-based stoves, fireplaces and heating specialist has received recognition as a leading distributor for a range of US-built outdoor wood furnaces.

The new boss of Marks & Spencer has unveiled his strategy for reviving the fortunes of its fashion business.
Photo: Stefan Rousseau/PA Wire

Marks & Spencer’s new boss Steve Rowe today pledged to slash prices and put more staff in stores to turn around its beleaguered clothing arm – but warned profits will take a hit.

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Most commented

HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24