Topps Tiles said today that the company had "successfully achieved our primary goal of growing profitable market share", as it released its full-year results to September 28 2013.
Market share increased to 28.5% from 27% the year before, which Topps said reflected its strategy of "providing an inspirational shopping experience, unrivalled product range authority and multi-channel convenience".

Group revenue was virtually flat at £177.8m and pre-tax profit slipped to £10.6m from £12.5m. However, adjusted profit before tax, which excludes several items that are not representative of underlying performance, grew to £13.0m from £12.8m.

Topps has also started the new financial year well. Sales over the first eight weeks were up 7.4% on a like-for-like basis over the same period last year.

"While it is too early to confirm that this is a sustained trend, we are encouraged by this performance," commented ceo Matthew Williams.

The group is now trading from 327 stores, an increase of three over the year, and it is set to trial a new small store format in the second quarter, called Topps Tiles Boutique.