Topps Tiles sales decline eases

Topps Tiles, Britain's biggest tile and wood flooring specialist, breathed a sigh of relief as it reported an improving trend following difficult trading at the start of the third quarter.In the 13 weeks to July 3, sales were down by 2.5% compared with the same period the previous year, and by 1.2% on a like-for-like basis, Topps said in a brief update. That's an improvement on the 5.1% decline in sales and 4.3% fall in like-for-like sales seen in the first seven weeks of the third quarter. Topps trades from 310 stores in the UK, having opened eight and closed or relocated seven this financial year.'There have been no significant unexpected changes in the financial position of the Group since the publication of the Interim Report for the half year ended 3 April 2010,' Topps said. Topps Tiles