Back to today’s briefing

Story perspectives

WH Smith Sells High Street Division Amid Profit Decline

4/17/2025

34 3

Summary

Story summary

WH Smith's high street trading profits dropped 30% to £15 million, with revenues declining 7% to £239 million.
The retailer is selling its high street division to Modella Capital for £76 million, rebranding stores as TG Jones.
Profits in WH Smith's travel arm increased 12% to £56 million, with plans to open 90 new stores, primarily in North America.
The company reported a pre-tax profit of £45 million, a slight decrease from £46 million last year.

History

Historical Context

WH Smith's decline in high street profits mirrors the broader retail struggles seen since the late 20th century. The rise of online shopping and changing consumer habits, similar to the collapse of major chains like Woolworths in the 2000s, has pressured traditional retailers to adapt or exit.

1 of 2

Story summary

WH Smith's high street trading profits dropped 30% to £15 million, with revenues declining 7% to £239 million.
The retailer is selling its high street division to Modella Capital for £76 million, rebranding stores as TG Jones.
Profits in WH Smith's travel arm increased 12% to £56 million, with plans to open 90 new stores, primarily in North America.
The company reported a pre-tax profit of £45 million, a slight decrease from £46 million last year.

1 / 2