Topps Tiles Reports Declining Revenue

London, England, July 31, 2008--Topps Tiles Plc. said market conditions remained challenging in the first 17 weeks of the financial year, with year-over-year revenue declining 7.7 percent.

The tile and wood flooring specialist said its overall revenue declined 2.7 percent during the period.

The company said it is on track to open a net 20 new stores in the UK this financial year and plans to open one more in the Netherlands.