RE: Current sales5 Apr 2024 14:02
Very interesting debate I’m a newcomer here and only commenting after being frustrated with the latest results of a company I hold shares in .. I’ve visited Topps stores and their main competitors and have to honestly say Topps are in a better shape and what may help them is the demise of others , however I’m not happy with management few reasons
1. They panicked and sold their main warehouse during covid and now facing increased fixed costs
2. The parkside they should just cut losses and move on I cannot see why they think anything will change after 4 years
3 management share schemes all based around market share targets like 1 in 5 that can’t be proved and more importantly give no value to us the shareholders it shouod be based on straight forward profitability and share price growth
Also Topps don’t have an answer the online players like total tiles , tile mountain and so many others just go and compare the prices …
Topps needs fresh new management in my opinion otherwise that cash on balance sheet will soon disappear