Topps Tiles is hit by uneven sales pattern

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The chain, which has 309 stores, said it expects like-for-like sales for the six months to April to come in 2.1% higher than the same time last year, and said total revenues will reach £91.5 million.

That's down from growth of 5.5% in the first quarter, although it's better than the 18.5% fall in sales reported in the six months to April 2009.

Chief executive Matt Williams said: "The results across the first half of the year demonstrate that levels of consumer confidence remain unstable and trading patterns during the second quarter have been subdued.

"We have a resilient business model and we are satisfied with the performance to date."

In response, the shares fell almost 10% to 55¼p.