Topps Tiles predicts record-breaking full-year revenue and continued growth in market share, it said today in a trading update.
For the 53 weeks ending October 3 2015, revenue is expected to be in the region of £212m, up from 2014's £195.2m. Like-for-like (LFL) revenues are forecast to be up 5.3% on the previous year, reflecting continued growth in market share. On a two-year basis LFL sales have grown by around 14%.

CEO Matthew Williams said: "I am pleased to report that Topps will complete a successful year, with good growth in profits and a record level of turnover, both of which are directly attributable to our strategy of out-specialising the specialist.

"As a result of this, we are confident of hitting our one-third market share goal by the end of this year and are well advanced on developing our next strategic goal for the organisation."

The year has seen Topps further develop its online 'visualiser' and plans are in place for a roll-out of new merchandising treatments across the existing store estate.

In the last quarter 17 new ranges have been launched, with a focus on collaborative, exclusive innovations with leading manufacturers. Recent own-brand developments have included a complete tile care range, and a new tile range, Regional Reflections, which replicates natural stone from around the UK.

Topps opened three new core stores and two Boutiques in the fourth quarter. It is currently trading from 348 stores, including 13 Boutiques.