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Topps Tiles to Close 23 Stores in Cost-Saving Drive
The retailer said the closures will cut costs and support profit growth after first-half revenue slipped 0.1% to £142.7 million.
- On Wednesday, British tile retailer Topps Tiles announced plans to close 23 underperforming stores as part of cost-saving measures aimed at boosting medium-term profitability amid weakening home improvement market demand.
- Chief Executive Officer Alex Jensen cited "subdued consumer sentiment" and "cumulative impact of cost inflation" as drivers, noting these pressures have weighed on sales volumes across the DIY sector.
- The closures affect 7% of the company's 319-strong estate, with eight locations already shut since last September and the remainder scheduled for closure over the next six months.
- These "significant self-help measures" are designed to support year-on-year profit growth and provide a stronger financial platform for 2027, though Topps Tiles did not disclose potential workforce impacts.
- Topps Tiles' move reflects broader 2026 retail struggles, as major high street brands including Revolution and BrewDog have shuttered 21 and 38 pubs respectively amid rising operating costs.
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58 Articles
58 Articles
Wiltshire Times+2 Reposted by 2 other sources
Swindon store at risk as national retailer confirms closure plans
A national chain with branches in Wiltshire and Swindon has announced plans to close stores.
·Trowbridge, United Kingdom
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Total News Sources58
Leaning Left5Leaning Right4Center37Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
11%
C 80%
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