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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.
यह कहानी The Journal के April 17, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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