WHSmith is the UK’s leading specialist multiple newsagent, a category covering books, greeting cards, stationery, newspapers, magazines, confectionary and more. Operations are divided into two divisions by location type: high street and travel. Retail Week provides news, analysis, features and opinion about WHSmith and the books, cards and stationery sectors.
WHSmith is selling its high street business to focus on its successful travel operations—notably the US, described by the retailer as its “most exciting growth market”
WHSmith reported a jump in revenues but profit before tax inched down in its first financial update since announcing the sale of its flagging high street business.
Retailers including Tesco and Ryman are interested in taking on some of the final 108 directly owned Post Office branches, the BBC reports.
After 233 years on the high street, news broke last week that WHSmith’s high street business has been sold to Modella Capital for £76m
Private equity firm Modella Capital has laid out its plans for the WHSmith high street business, which was acquired in a £76m deal.
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