WHSmith considers selling remaining high street stores including Wilmslow

WHSmith is considering selling all of its high street stores as part of a strategic review, including one in Wilmslow town centre.
In a statement on Saturday 25 January, the British retailer said it is "exploring potential strategic options for this profitable and cash-generative part of the group, including a possible sale."
The move signals a potential shift away from the chain's historic roots on the high street, as WHSmith focuses increasingly on its global travel retail business.
Over the past decade, the company has transformed into what it calls "a focused global travel retailer," now operating over 1,200 stores across 32 countries in locations such as airports, train stations, and hospitals.
This travel arm now accounts for more than 85 per cent of WH Smith's profits, with its high street business making up the remainder.
The announcement comes as high street retailers face ongoing economic challenges and years of declining consumer sentiment.
Locally, WHSmith trades at 30-32 Grove Street in Wilmslow.
The news of a possible sale will undoubtedly be closely watched by customers and employees alike, as WHSmith navigates the evolving retail landscape.
Wilmslow and Alderley Edge Nub News provides updates to local residents in the town.
Free from clickbait, pop-up ads and unwanted surveys, Wilmslow and Alderley Edge Nub News is a quality online newspaper for our town.
Please consider following Wilmslow and Alderley Edge Nub News on Facebook.
CHECK OUT OUR Jobs Section HERE!
wilmslow vacancies updated hourly!
Click here to see more: wilmslow jobs
Share: