Topps Tiles aims to have a third of the UK tile market covered

 
Gabriella Griffith
Topps Tiles has reported a smooth first quarter performance with revenues up six per cent
Topps Tiles has cemented its place as one of the UK’s favourite homeware stores, with a six per cent increase in like-for-like revenues and sales.

The success of the store builds on last year’s growth, albeit at a slower pace than the 9.3 per cent in the same period.

Chief executive Matthew Williams said he hoped to use this increase to take a larger portion of the UK’s tile spend.

“We are confident that our plan for 2015 will see us further extend the appeal of the Topps brand and move closer to our strategic goal of taking a one third share of the domestic tile market,” Williams said.

Peel Hunt analyst John Stevenson praised the brand for a “great performance against tough and accelerating comparatives.”

The success of Topps Tiles is generally taken as an indication of the health of the property market, as people renovate.

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