Topps Tiles boss retires as company returns to sales growth The boss of Topps Tiles has said he is retiring after 18 years at the retailer, as the company said it has returned to sales growth.
But Topps’ trading update on Wednesday revealed that it had returned to growth, as sales during the three months to December 28 rose 4.6% compared with the same period last year.
The lack of online sales was one reason for MS Galleon’s complaint in November – it wrote that Topps is “predominantly a bricks and mortar business with a poorly optimised store portfolio”.
Mr Parker said the sales growth was partly down to Topps’ attempts to grow its online operation.
It comes after top investor MS Galleon, which owns a 30% stake in Topps Tiles, called for a leadership review in November.
