Sales drop at WHSmith’s high street stores as it looks for buyer
WHSmith has been slashing costs in the high street stores to improve profitability as it grapples with the shift to online shopping, which has affected the number of customers visiting stores. The high street arm’s underlying annual profits after the Covid-19 pandemic fell from about £60mn to £32mn in the year to August 2024.
WHSmith’s high street exit: Avoidable, or a long time coming?
As WHSmith revaluates the future of its high street business, Retail Gazette takes a look at how it got here and what’s next for the British high street staple.
All the high street store closures happening in February including WHSmith and Millets
High streets across the UK face big changes this month as the retail sector prepares for a fresh wave of store closures.
WHSmith Considers Selling Off High Street Stores to Focus on Lucrative Travel Business
British retailer WHSmith confirmed that it is exploring the sale of its High Street newsstand and bookstores to focus on its travel unit.
HMV Owner Joins Private Equity Firms Circling WHSmith's 500 High Street Stores
Private equity firms and HMV's owner are among potential bidders for WHSmith's 500-strong high street retail portfolio as its pivots fully to travel.
WHSmith high street sales sink ahead of possible sale
WHSmith said its high street division had traded in line with expectations over the golden quarter despite another weak performance as it sounds out prospective buyers.
WHSmith in talks to sell its high street chain
UK retailer WHSmith is in talks to sell its high street chain more than two centuries after it opened its first shop in London. The company, which has been focusing on its outlets in airports, hospitals and train stations in recent years,
WHSmith sale talks throw Romsey store's future into question
The talk of WHSmith's sale has raised questions surrounding its Romsey branch and the company is yet to confirm it will stay open after
WH Smith Sale of Stores Could Mean Default Event, Jefferies Says
British retailer WH Smith Plc’s potential sale of its high street business risks triggering an event of default on its debt, according to the convertible bond desk at Jefferies.
WH Smith high street sales continue to suffer amid sale talks
WH Smith shares jumped on Wednesday as the retailer revealed strong growth in its travel business has continued to offset the ongoing decline of its high street business.
WH Smith reveals falling high street sales amid talks to sell the division
The group said total high street sales dropped 6% in the 21 weeks to January 25, down 3% on a like-for-like basis, while travel shops saw 6% growth.
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WHSmith to close this Saturday as Post Office awaits reopening
READ MORE: Future of town centre Post Office secured as new operator appointed. The Post Office has confirmed that th ...
Post Office: WHSmith gives update on closures - jobs uncertain as sale news sees stores possibly closing down
An iconic high street brand has issued an important update on the future of post offices within its stores, after fears were ...
WHSmith issues brutal update with 500 high street shops at risk
The decision to put 500 UK high street WH Smith stores up for sale has created uncertainty for 5,000 staff this week.
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Full list of WHSmith definitely closing in 2025 as retailer announces 500 UK stores up for sale - is yours affected?
WHSmith is set to shut 17 of its branches over the coming months, following a string of closures last year amid reports it could sell its 500-strong high street store business altogether.
Why WHSmith's 233-year history may be about to change forever
WHSmith’s high street stores have been woefully under-invested, with the business doing as little as possible to bring them ...
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Accrington's WHSmith shop to close as 17 branches to shut down for good
The shops are to close their doors as the retailer confirms plans to sell its 500 high-street outlets and focus on its ...