WH Smith says post offices to remain if sale goes ahead

Published On Jan 27, 2025, 8:59 AM

WH Smith is potentially selling its High Street stores but reassures that the 195 post offices within those stores will remain regardless of the sale. This news comes as WH Smith is focusing more on its travel retail business, which generates the majority of its profit. The company highlights its profitable partnership with the Post Office, which benefits both entities by driving customer traffic and reducing operating costs for the post offices. Despite the concerns about retail closures in the current economic climate, shares in WH Smith increased as the market anticipates a cash influx from a potential sale, with valuations likely exceeding £100 million.