Topps Tiles has released its results for the first quarter of its new financial year, with group sales up 4.6%. As part of this announcement, current CEO Rob Parker has announced he will be stepping down from his position at the end of this year.
Parker said the group strategy was delivering strong results – especially in the areas of focus of trade and digital. Topps Tiles trade sales were up 13.5% year-on-year, Pro Tiler grew by 20% and also completed the relocation to a new 140,000sq ft warehouse, and online-only Tile Warehouse sales were up 140% for the first quarter.
Parker said: “While it is still early in the financial year, we are pleased to see the group return to sales growth in the first quarter; our strategy is delivering and we are well-positioned to achieve our Mission 365 goal over the medium term.”
He added: “Following 18 very happy years with the business I have decided to step away from a full-time executive role and have informed the board that I intend to retire from the end of 2025; this will therefore be my last year with the group. The board has activated its succession plan and commenced a search process for a new chief executive officer. I remain fully committed to the business for the whole of 2025.”
www.toppstiles.co.uk
