A popular retailer specializing in home items will soon shut down one of its London branches along with 22 others across the UK in the coming days.
Topps Tiles has initiated significant price reductions at its store in Cheam, with the store’s final day of operation scheduled for August 7 as part of a broader strategy to achieve cost savings through multiple closures.
Residents have noticed clearance signs appearing in the windows of the well-liked store, which was known for its excellent service. This closure is part of a larger plan to close a total of 23 stores this year.
Earlier in the year, the company announced the closure of 15 additional stores, on top of the previously disclosed eight, which amounts to 7% of its total outlets.
Topps Tiles’ CEO, Alex Jensen, explained that the closures are part of a strategic move to support ongoing growth and establish a stronger financial foundation for the future, as reported by the Express.
He mentioned, “Given the challenging consumer sentiment and uncertain geopolitical environment, along with rising costs, our management team is executing targeted actions to improve performance, primarily in the latter part of the year.”
The company specified that the selected stores for closure are underperforming, with all closures expected to be completed before the end of October.
While the retailer has not revealed the exact locations that will be shut down, it emphasized that the closures are part of a broader effort to reduce costs through proactive measures.
Based in Enderby, Leicestershire, the company reported a slight revenue decrease of 0.1% to £142.7 million for the six months ending March 28, attributing the decline to prolonged competition challenges and divestment actions following the acquisition of CTD Tiles in 2024.
Topps Tiles acquired CTD out of administration in 2024, but due to competition concerns raised by the Competition and Markets Authority (CMA), it had to divest several branches. The company also bought Fired Earth out of administration in December 2025 for £3 million.
In recent years, several prominent retail chains have downsized their presence on the high street, shifting focus to alternative locations like airports and travel hubs, aligning with changing consumer preferences.
Major banks such as Santander and Lloyds have also followed suit, closing physical branches as customers increasingly opt for online banking services.
