Tile retailer bucks sales trend with positive LFL results

20th February | ceramics | Retailer Tile Giant has reported a stellar like for like sales return in the year to 31st December 2008. Same store sales climbed 5.5%, outperforming its chief rivals in the sector.

Earlier this week, Topps Tiles was moved to release a statement downplaying the impact of its credit insurance being pulled by one of its suppliers, thought to be Euler Hermes. There appears to be no such issues for 80-store Tile Giant, which proved the only bright spark in an otherwise lacklustre set of figures from parent company Travis Perkins.

Wickes, the DIY chain also owned by Travis Perkins, saw single figure falls in like for like sales across its store and trade portfolios. This was partly blamed on the collapse and ensuing stock liquidation sale at one its kitchen retail rivals during the course of 2008.
 

Sign up for free email newsletters from the Furnishing Report. Featuring sharp analysis, the latest insolvency information and market data and reports not published elsewhere on the website. Free every Thursday. Sign up here

Newsletter subscribers are also automatically entered into our free prize draw for two return flights including accommodation to Las Vegas for the Autumn Market, courtesy of World Market Center