Sales drop at WHSmith’s high street stores

WH Smith High Street sales fall amid talks to sell stores
WH Smith has revealed a drop in High Street sales amid talks of selling 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.
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.
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.
WH Smith reveals sales slumps as iconic chain with 500 stores 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.
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.
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