Topps Tiles Cuts Stores, Headcount Amid Market Pressure
Glasgow News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Topps Tiles, a major UK tile retailer, is closing 23 stores, 7% of their total, due to underperforming locations and rising costs. Theyre also cutting head office expenses. CEO Alex Jensen cites weak consumer sentiment, global tensions, and inflation. Sales dipped slightly, but like-for-like growth beat the market slowdown. They aim to make CTD profitable by 2025-2026, after acquiring Fired Earth for £3 million. Half-year results in May.
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