"The decision to close outlets had not been taken lightly but reflected highly challenging trading conditions over the past 12 months that made parts of the estate commercially unviable."
"The owners said the closures were the direct result of government policy and recent geopolitical events, citing a combination of domestic cost pressures and broader global uncertainty affecting consumer spending and supply chains."
Up to 150 WH Smith stores are closing due to challenging conditions and policy changes. The stores, now under TGJones, are part of a 480-site portfolio acquired by Modella Capital. The closures are due to high costs, geopolitical instability, and falling demand, putting hundreds of jobs at risk.
Read at London Business News | Londonlovesbusiness.com
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