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Richard Hartley-Parkinson
Retailer WH Smith has launched an overhaul of its under-pressure high street business as it revealed sliding sales and profits at the division.

The group said it has kicked off a detailed review of the high street business that will see it close six stores and wind down trials such as its online card arm Cardmarket and convenience store chain WH Smith Local.

The company plans to close the 20 Cardmarket stores as their leases come to an end, with affected staff transferring to nearby WH Smith stores.


The WH Smith Local franchises – which are run as concessions within independent newsagents and convenience stores – will be wound down as contracts come to an end.

WH Smith – which has 839 travel outlets and 610 high street stores in the UK – said the move was designed to ‘better structure the business for the future’.

 

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