Published 26 days ago • loading... • Updated 24 days ago

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.

Insights by Ground AI

Does this summary seem wrong?

15 Articles

All

Left

Center

Right

hampshirechronicle.co.uk

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 being…

24 days ago

Read Full Article

rhyljournal.co.uk

Just days until Rhyl branch closes as WH Smith seeks to sell its High Street business

The store, on the town’s High Street, will close in February 2025 with the expiry of the chain's lease of the unit.

25 days ago

Read Full Article

BBC News

WH Smith high street sales fall amid talks to sell stores

High street sales dropped 6% in the 21 weeks to January 25, the retailer said.

25 days ago·United Kingdom

Read Full Article

Daily Express

WH Smith reveals sales slumps as iconic chain mulls quitting high street

The news comes just days after the company confirmed discussions about potentially selling off its high street stores to concentrate on its larger travel operation.

25 days ago·United Kingdom

Read Full Article

India Daily Mail

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…

25 days ago

Read Full Article

Nation.Cymru

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…

25 days ago·Wales, United Kingdom

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year