Could WH Smith Vanish from Rochdale Exchange Shopping Centre? Retail Giant Considers Sale of Struggling Stores
The iconic WH Smith brand, a fixture on British high streets for over 230 years, could be facing an uncertain future in Rochdale and across the country. Facing increasing pressure from online retailers and discount chains, the company is reportedly exploring the sale of hundreds of high street stores, potentially leading to closures and rebranding of existing locations.
This move raises concerns about the future of the WH Smith store in Rochdale Exchange shopping centre, a hub for local shoppers. While no concrete plans have been announced specifically for the Rochdale branch, the potential sale puts its future into question.
The decision to consider selling off its high street portfolio comes as WH Smith shifts its focus towards its more profitable travel retail business, which thrives in train stations, airports, and hospitals. The company reported significant growth in its travel arm during the autumn and winter months, a stark contrast to the declining revenues from its high street outlets.
This decline reflects a wider trend impacting British high streets, which suffered a devastating year in 2023 with over 13,000 store closures reported amongst major brands. WH Smith has already closed 16 high street stores since 2024, with another 10 slated for closure this year, highlighting the challenges of competing in the modern retail landscape.
Several investment firms specialising in distressed retailers are reportedly eyeing the assets at auction, including Alteri and Modella Capital. Doug Putman, the Canadian billionaire who successfully rescued HMV, is also rumoured to be considering a bid, adding another layer of intrigue to the potential sale.
The future of Rochdale's WH Smith store, and countless others across the UK, hinges on who acquires the struggling chain and their plans for the high street business. Whether the stores will be rebranded, downsized, or face closure remains to be seen. The coming months will be crucial in determining the fate of this iconic brand and its presence in the Rochdale community.
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| A.I. Image |
This move raises concerns about the future of the WH Smith store in Rochdale Exchange shopping centre, a hub for local shoppers. While no concrete plans have been announced specifically for the Rochdale branch, the potential sale puts its future into question.
The decision to consider selling off its high street portfolio comes as WH Smith shifts its focus towards its more profitable travel retail business, which thrives in train stations, airports, and hospitals. The company reported significant growth in its travel arm during the autumn and winter months, a stark contrast to the declining revenues from its high street outlets.
.jpg) |
| A.I. Image |
This decline reflects a wider trend impacting British high streets, which suffered a devastating year in 2023 with over 13,000 store closures reported amongst major brands. WH Smith has already closed 16 high street stores since 2024, with another 10 slated for closure this year, highlighting the challenges of competing in the modern retail landscape.
Several investment firms specialising in distressed retailers are reportedly eyeing the assets at auction, including Alteri and Modella Capital. Doug Putman, the Canadian billionaire who successfully rescued HMV, is also rumoured to be considering a bid, adding another layer of intrigue to the potential sale.
The future of Rochdale's WH Smith store, and countless others across the UK, hinges on who acquires the struggling chain and their plans for the high street business. Whether the stores will be rebranded, downsized, or face closure remains to be seen. The coming months will be crucial in determining the fate of this iconic brand and its presence in the Rochdale community.
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