US EditionWHSmith: Sale talks throw Romsey store's future into question
- WhSmith has announced a 6% drop in high street sales during the 21 weeks to January 25, which includes the key Christmas season, down 3% on a like-for-like basis.
- The company is in talks to sell its entire high street estate of 500 shops to focus on its more profitable travel retail business.
- WhSmith plans to close 17 stores in 2025, following the closure of 14 stores in the past financial year, impacting around 5,000 workers.
- The travel division now accounts for over 85% of WhSmith's profits, with plans to expand further in the US market.
15 Articles
15 Articles
Will most of the people miss out on WH Smith if it vanishes from the UK excessive highway?
Thursday 30 January 2025 6:00 am | Updated: Thursday 30 January 2025 7:04 am There are larger than 500 excessive highway WH Smith retailers. YouGov‘s president Steve Hatch takes a extra detailed try the knowledge behind the biggest tales in firm. Here, he considers the way forward for WH Smith. News broken not too long ago thatWH Smith was looking to sell its UK high street stores The enterprise knowledgeable the London Stock Exchange that it m…
WH Smith reveals falling high street sales amid talks to sell the division
A branch of WH Smith. Image: Philip Toscano/PA Wire Retailer WH Smith has revealed sales at its high street estate remain under pressure just days after the group confirmed talks to sell the 500-strong chain. The firm said total high street sales dropped 6% in the 21 weeks to January 25, covering the key Christmas season, down 3% on a like-for-like basis. It comes after the historic UK business confirmed over the weekend that it has held talks a…
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