Topps Tiles has confirmed it will close 23 stores this year, with a London branch set to shut within days. The Cheam store will close on August 7, and signs reading 'everything must go' have appeared in its windows. The retailer has slashed prices with clearance sales before the final closures.
Store Closures and Financial Impact
In April, the company announced it would close an additional 15 stores this year, on top of eight previously announced, representing 7% of its estate. The group, headquartered in Enderby, Leicestershire, reported sales dipped 0.1% to £142.7 million in the six months to March 28. Revenues were affected by a 'lengthy' competition process and disposal programme following its acquisition of rival CTD Tiles in 2024.
Topps Tiles acquired CTD out of administration in 2024, but a Competition and Markets Authority (CMA) investigation compelled it to offload several branches due to competition concerns. The firm also purchased rival Fired Earth out of administration in December 2025 for £3 million.
CEO Statement on Closures
Topps Tiles chief executive Alex Jensen stated the closures were being implemented to 'support year-on-year growth and provide a stronger financial platform for 2027 and beyond'. He added: 'In light of subdued consumer sentiment and geopolitical uncertainty, as well as the cumulative impact of cost inflation, the management team is implementing a targeted programme of self-help measures weighted towards the second half.'
The Cheam branch, described as 'great' with 'helpful' staff by locals, is among the closures. The broader retail sector has seen numerous major retailers downsize their high street presence, with banks like Santander and Lloyds also closing physical locations as customers shift online.
