TTS - Tile Shop Holdings Has Stabilised Its Business
Tile Shop Holdings (TTS) appears to be in a stable situation now. It had run into issues in 2017 with declining comparable store sales. Gross margins also declined during the second half of 2017 as Tile Shop attempted to improve traffic trends with heavier promotional activity.
Tile Shop's new strategy has restored its gross margins, although comparable store sales were still slightly negative in Q2 2018. Comps may remain negative in Q3 2018, but the significantly easier year-over-year comparison for Q4 2018 should result in positive comps for that quarter and the