Topps Tiles has reported a slowdown in sales in the fourth quarter following its decision to exit from the wood flooring category.

Like-for-like sales, which exclude new store openings, were up 1.4% in the 13 weeks to 1 October compared to a 6.2% increase in the previous three months.

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In a statement, the UK's largest tile and wood flooring retailer said its decision to stop offering low margin wood flooring options had negatively affected sales by around 1.5%.

Despite this, Topps said its adjusted pre-tax profits for the financial year will be within the range of current market estimates.

Full-year revenues are forecast to have risen by 4.2% to £215m ($274m).

"I am pleased to report on a successful year for Topps, where we grew sales to a new record through our proven strategy of 'out specialising the specialists,'" chief executive Matthew Williams said.

"Whilst market conditions weakened over the final quarter as a result of reduced levels of consumer confidence we remain confident in our ability to outperform the market and deliver our goal of further profitable sales growth."