Fragile housing market knocks Topps tiles

The static housing market and weak consumer confidence in creating tough trading conditions for topps tiles, its Executive Director said.

“The reality is, we need people to feel confident investing in their homes,” said Matt Williams, the boss of Topps tiles. “And we lack this confidence. I think a big jump down in confidence with the decision of the British exit from the EU, and it has not changed much since then”.

Tile-the manufacturer has reported a 2.3 PC fall in like-sales growth, the key indicator used in the industry in the third quarter of the fiscal year. Fragile consumer sentiment and a sluggish property market, analysts say that the hot weather also contributed to the sales decline in…

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