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Up to 150 former WH Smith stores threatened by closure after restructuring approved
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NEWSDECK ANALYSIS
WH Smith, a well-established UK retailer, has been navigating financial challenges in recent years, with the high street retail sector as a whole facing significant pressures. The company's restructuring plans, which have now been approved, aim to address the financial shortfall, but the potential closure of up to 150 stores underscores the scale of the challenges it is facing. The £8 million shortfall highlights the urgent need for the retailer to reorganize its operations and reduce costs to remain viable.
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Independent Business
Up to 150 former WH Smith stores threatened by closure after restructuring approved
Lawyers for the retailer admitted the company was facing an £8 million shortfall this week if a judge did not sanction the plans
1 Jul, 11:59
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