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WHSmith suffers 30% slump in high street trading profit
The Journal
|April 17, 2025
WHSmith’s high street division has witnessed a stark 30% fall in trading profit as it readies for its disposal to private equity firm Modella Capital.
For the half-year running up to 28 February 2025, the retailer's high street branch reported profits of £15m, a drop from the previous year's £22m for the same timeframe.
Moreover, sales dipped by 7%, summing to £239m.
Ahead of the impending sale of its 482 stores to Modella for £76m, confirmed in late March, WHSmith’s high street arm is seeing performance wane.
The transaction signals a pivot towards focusing on the burgeoning travel retail segment for WHSmith.
This story is from the April 17, 2025 edition of The Journal.
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