WH Smith is set to close 17 stores by 2025, raising concerns for employees and the future of its Post Office branches
London: WH Smith has announced it will close 17 stores by 2025, including one in Orpington. This move is part of a larger strategy to sell off high street locations.
The company is in talks to sell around 500 stores across the UK. This has left many wondering what will happen to the Post Office branches linked to these stores.
In Orpington, the landlord has decided to terminate the lease, which means the store will close early in 2025. WH Smith expressed disappointment but thanked customers for their support.
Since 2006, WH Smith has partnered with the Post Office, operating in nearly 200 locations. However, the future of these services is now uncertain.
WH Smith currently employs about 5,000 people in the UK. With private equity firms interested in acquiring the high street stores, employees are understandably anxious about their jobs.
Analysts suggest that while job cuts may not be immediate, further store closures could happen under new ownership. The company is focusing on its more profitable travel business, which has been its main investment area for years.
As for the closures, a full list has been released, with various locations across the UK set to shut down. Investors are watching closely, as a sale could bring in a significant cash windfall.
Overall, WH Smith is navigating a challenging landscape, and the next steps will be crucial for its future.