WH Smith in talks to sell high street stores

Quick Summary:

The business says it is exploring a possible sale as its travel retail business arm accounts for most of its profits.

The travel retail business side of WH Smith - which operates from airports, train stations and hospitals - now accounts for more than 85% of its profit.

Revenue from WH Smith's high street stores dropped by £17m in 2024 compared with the year before, but profits stayed the same after the business closed 14 of its stores last year.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Retailer Smith Shops Travel Business Stores Group Retail Street

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-25 @ 19:40:47 (4 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 816 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 25443591

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About BBC Business

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Official Website: bbc.co.uk

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Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 13 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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