Oldham tiles shop future uncertain as Topps Tiles closes 23 stores
Topps Tiles has announced plans to close 23 stores nationwide, representing seven per cent of its 319-strong estate, as part of significant cost-cutting measures. The company has not yet confirmed which branches will close, leaving the future of its Oldham store on Laurel Trading Estate in Royton uncertain. Eight stores have already closed since September 2024, with the remainder scheduled to shut over the next six months. The retailer previously operated a second site on Oldham Road in Failsworth, which closed between September 2020 and April 2021. Chief executive Alex Jensen cited subdued consumer sentiment, geopolitical uncertainty, and cumulative cost inflation as reasons for the closures. The company reported six-month sales of £142.7 million, down 0.1 per cent, though excluding the CTD acquisition impact, sales rose 2.1 per cent.