Topps Tiles has launched an "everything must go" sale at its Cheam store ahead of its closure on August 7, as part of a wider programme shutting 23 branches across the UK this year. Clearance signs have appeared in the windows, with stock being marked down before the store closes permanently.
Closure plans and financial context
The Cheam branch is among 23 stores the retailer plans to close in 2026, representing about 7% of its UK store network. Earlier this year, Topps Tiles announced it would shut a further 15 stores, adding to eight closures already announced. The company has not published a full list of affected locations but said all selected branches are expected to close before the end of October.
Chief executive Alex Jensen said the decision is part of a plan to strengthen the business. "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," he said. The company stated that the stores chosen for closure are underperforming and that the move is intended to reduce costs while putting the business on a stronger financial footing.
Sales performance and acquisitions
Topps Tiles reported sales of £142.7 million for the six months to March 28, a slight fall of 0.1% compared with the same period a year earlier. The retailer said trading had been affected by a lengthy competition process following its acquisition of rival CTD Tiles in 2024. After buying the business out of administration, Topps Tiles was required by the Competition and Markets Authority to sell a number of branches over competition concerns.
The company has continued to expand elsewhere, completing the purchase of home interiors brand Fired Earth out of administration in December 2025 for £3 million. The latest closures come as a number of major retailers continue to reduce their presence on UK high streets in response to rising costs and changing shopping habits.
