Tile Shop

Tile Shop helps homeowners and professionals find tiles for floors and walls. Its products make home renovations easier and more attractive. Customers use these tiles to update kitchens, bathrooms, and other living spaces.

Tiles, Tools, and More: What’s in the Cart?

• Man-made tiles (56%): Ceramic, porcelain, glass, and vinyl tiles for floors and walls; used by homeowners and contractors.
• Natural stone tiles (19%): Marble, granite, and slate tiles for premium surfaces; popular in kitchens and bathrooms.
• Setting and maintenance materials (15%): Adhesives, grout, and sealers for installing and caring for tiles; sold under proprietary brands.
• Accessories (8%): Tools, shelves, drains, and trim pieces for tile installation and finishing touches.
• Delivery service (2%): Home delivery of products through third-party freight providers for convenience.

Growth Spurts and Strategic Moves

• Closed underperforming distribution centers in New Jersey and Wisconsin in 2025 to cut costs.
• Sold Wisconsin distribution center in February 2026 for $1.2 million.
• Invested in proprietary brands and expanded product assortment over recent years.
• No new stores opened in 2025 or 2024; last new store opened in 2023.
• Focused on supply chain efficiency and retail execution to adapt to market changes.

What Makes Tile Shop Stand Out?

Tile Shop sources over 6,000 products globally and sells mostly under its own brands. Its stores feature real-life displays and trained staff to help customers choose and install tiles. Centralized distribution centers support efficient inventory and store supply across 31 states.

Five Things You Need to Know

• Net sales were $336.8 million in 2025, down 3.0% from 2024.
• Comparable store sales declined 2.8% in 2025, after a 7.8% drop in 2024.
• Gross margin rate fell to 63.8% in 2025, from 65.7% in 2024.
• Operating loss was $5.8 million in 2025, compared to $3.5 million income in 2024.

Bottom Line

Tile Shop has adapted through cost controls and product expansion, but faces ongoing retail and supply chain challenges. Its focus remains on serving U.S. homeowners and professionals with a broad tile assortment.