Topps Tiles sales dipped by 5.1% in the seven weeks to end April 2010, with like for like sales down 4.3%, however overall sales for the half year to end April showed an increase on the same period in 2009 to £91.4 million from £87.6 million (albeit for a 27 week period against a 26 week one in the year before).
Gross margins were also slightly down due to the weakening of the pound against the dollar and the euro in recent months from 60.4% to 58.8%.
The group's management expressed caution with regard to the ongoing state of the UK economy with consumers still cautious about spending amid financial uncertainty.
You can read the full financial statement by following this link.
