Topps Tiles toughs it out

Topps Tiles said that it expects to report that overall revenue growth remains positive and will be in the region of £106 million (2007: £101.8 million), up 4.1%, with like-for-like revenue expected to show a decline of 0.5% (2007: up 4.4%). The UK business is expected to show overall revenue growth of 4% (2007: up 11.7%). Like-for-like revenue will show a decline of 0.5% (2007: +4.0%).Alan White, currently CEO of N Brown Group plc, will be joining the Board as a non-executive director with effect from 1 April 2008.Commenting on trading, Matt Williams, CEO said 'The negative economic backdrop is translating into an increasingly challenging consumer market and the Board does not envisage the environment changing in the short term. We are, however, pleased with the resilience the business has shown over the last few months and we are confident the business model remains robust and will serve us well during the current difficult period.'