WH Smith to close 25 stores with 200 more jobs at risk as coronavirus hammers sales - News Summed Up

WH Smith to close 25 stores with 200 more jobs at risk as coronavirus hammers sales


The stationary chain said it's in talks to close a number of smaller outlets - in a move that will place around 200 jobs at risk. The coronavirus crisis has hammered WH Smith, which saw sales tumble by a third to £1billion in the year to August 31. It said health and beauty products performed well in stores, with an uplift in electrical accessories as a result of increased working-from-home. Figures show sales fell by £1million in travel outlets as the number of passengers passing through airports and train stations reached a standstill. The company, which had more than 14,000 staff in 2019, culled 1,500 jobs in August, mostly in the travel division.


Source: Daily Mirror November 13, 2020 15:37 UTC



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