Topps Tiles Cuts 23 Stores for Financial Recovery | Leicester News

Topps Tiles is shutting down its Cheam branch in London on August 7th — just the start of a major shake-up, with 23 stores closing this year. Already, they’ve slashed prices and slashed staff, sparking sadness from loyal customers. This follows April’s announcement of 15 more closures, bringing total planned closures to 23 — nearly 7% of their stores. CEO Alex Jensen says it’s about financial health and future growth by 2027, amid global uncertainty and rising costs. Sales dipped 0.1% to £142.7M in H1, partly due to a competitive review and store sales after acquiring CTD Tiles. They also bought Fired Earth in Dec 2025 — but the big move? Shrinking their footprint to rebuild. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9b3fc5d868c1189d