US EditionUK's WH Smith says it is exploring potential sale of high street arm
- Wh Smith is exploring a potential sale of its entire high street business in Britain, after more than 230 years of operation.
- The high street arm includes about 500 stores and employs around 5,000 people across the country.
- The travel business now generates 75% of the company's revenue and 85% of profits, reflecting higher margins.
- This potential sale marks a significant change for the British high street, as noted by an analyst.
83 Articles
83 Articles
Thouands of WH Smith staff face uncertainly after update shared about outlets
'Store closures could be material in somebody else’s hands, but WH Smith itself, clearly, has a good line of site on how to get the most out of the chain, and it is unlikely that anyone else has the silver bullet to regalvanise profitability here'
Thousands of WH Smith workers face uncertainty after 'secret talks' to sell high street stores - Liverpool Echo
The fears come after the historic UK business confirmed over the weekend that it has held talks over potentially selling its 500-strong high street store business
The fall of WH Smith
It must once have seemed that, "much like the British Empire, the sun would never set on WH Smith", said Alexander Larman in The Spectator. But the skies are looking dark.The retailer is currently in talks to sell off its portfolio of 500 UK high-street stores, meaning a brand that has existed for over 230 years may follow Debenhams and Woolworths and disappear from our streets for good.WH Smith does plan to retain its "travel-retail" presence i…
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