Topps Tiles reports rise in sales - graduate jobs

Boosting hopes for graduates looking for sales jobs, Topps Tiles has reported a 4% increase in like-for-like revenues during the fourth quarter of its fiscal year.

The leading tile and wood flooring specialist is on track to meet expectations, and it is hoping to see a nearly 2% rise in annual revenues - in the region of £182.4 million.

Following the fourth quarter sales growth, the firm hopes full-year profits would be within the range of analyst expectations - between £14.5 million and £17.1 million.

The final quarter success came after the Leicester-based company recorded a 1.2% fall in like-for-like sales during the three months to July 3.

David Jeary, a retail analyst at Investec Securities, said he expects to see profits of around £16 million this year.

He added: "This is a pleasing end to the year, after what has been a difficult period for Topps in recent years."

Assuming that Topps can maintain the sales momentum, Mr Jeary said this year should represent the trough of a downward cycle that started in 2007.