WHSmith: 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.
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Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
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