TOPPS TILES is on track to deliver profit in line with expectations, aided by strong sales in the third quarter and an easing of supply pressures.

In an update yesterday, the home supplies retailer said inflationary pressures on the cost of goods and shipping costs had reduced.

The Enderby-headquartered business posted like-for-like sales that were 2.5 per cent higher year on year in the quarter, and 3.7 per cent higher on a year-to-date basis.

In the 26 weeks to 1 April, the firm saw pretax profits plummet 69.6 per cent to £1.7m due to inflation, but the retailer said it was confident profit in the second half would be "materially higher" and it would meet expectations for the year as a whole.

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