Like-for-likes also up
Topps Tiles revealed it expects revenues up 14.9 per cent for the 26-week period to March 31. Despite a tough retail market, like-for-like sales are likely to increase 4.4 per cent, according to the retailer.

For the first time, figures reflect the revenue from its Dutch stores following Topps' acquisition of the entire shareholding in its joint-venture in Holland in October last year.

The UK is expected to show overall revenue growth of 11.4 per cent - up from 1.2 per cent in 2006, with like-for-likes up 4 per cent compared with a decline of 4 per cent the year before.

Revenue in Holland is expected to rise by more than 36 per cent, compared with 21.6 per cent last year. Like-for-likes for Holland rose 19 per cent, compared with growth of 8.6 per cent in 2006.

Topps has continued with its store openings, having launched 15 of the 30 planned additional UK stores and four of the five extra shops it wanted in Holland this year.

The retailer will announce interim results for the 26-week period to March 31 on May 22.

Separately, founder Barry Bester is moving from his role of executive chairman to non-executive chairman with effect from October.

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