Published 29 days ago • loading... • Updated 26 days ago

UK'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.

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birminghamworld.uk

+15 Reposted by 15 other sources

Post Office: WHSmith gives update on closures - jobs uncertain as sale news sees stores possibly closing down

The high street faces an uncertain future as the retailer explores a potential sale 📬

26 days ago

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This Is Money

WH Smith seeks to allay fears over in store Post Office closures

The retailer, which opened more than 230 years ago, has a partnership with the Post Office that offers services in nearly 200 of its shops.

27 days ago·United Kingdom

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Swindon Advertiser

WH Smith staff 'surprised and shocked' by 'plans to sell high street business'

Swindon-based WH Smith staff were caught completely unaware by news of the company's secret' talks to sell off its high street arm.

27 days ago·Swindon, United Kingdom

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Daily Mirror

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'

27 days ago·London, United Kingdom

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Liverpool Echo

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

27 days ago·Liverpool, United Kingdom

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The Week

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…

27 days ago·Washington, United States

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