WH Smith set for high street store closures after profits fall

WH Smith

WH Smith has become the latest retail chain to announce a series of store closures after posting a fall in annual profits for its high street division.

In the year to August, profit at WH Smith’s high street stores fell to £60m from £62m at the same point last year, and like-for-like revenues fell 3%.

The retailer, which launched in 1985, and currently has 607 high street stores. It is proposing to close six main brand stores and 20 stores trading under its budget greeting card brand Cardmarket, and to end a trial of smaller WH Smith Local stores.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now