As reported by BBC News, WH Smith’s High Street sales fell 6% as the retailer eyes selling 500 stores to focus on travel retail
WH Smith has reported a drop in High Street sales after it said it was planning to sell 500 of its UK shops. Its high street sales fell 6% in the 21 weeks to January 25, covering the key Christmas period, down 3% on the previous year.
The company already has plans to close 17 UK stores in 2025, having closed 14 during the past financial year.
The historic UK business, which was established 233 years ago, confirmed it had held talks at the weekend regarding the possibility of selling its high street stores, which employ about 5,000 people, to focus on its travel retail business, which operates from airports, train stations and hospitals.
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