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WH Smith Plc Appoints Nicky Dulieu To Board
WH Smith To Restructure UK Store Operations, Cuts 1,500 Jobs
WH Smith Says Total Of 15.8 Mln New Ordinary Shares In Co Have Been Placed
WH Smith PLC is a United Kingdom-based retailer in convenience, books and news for travelling customers. The Company is a high street stationer, bookseller and newsagent. The Company operates through two segments: High Street and Travel. The Company's Travel business sells its products to cater for people on the move or in need of a convenience offer. The Travel business operates from approximately 768 units mainly in airports, railway stations, motorway service areas and hospitals. The High Street business sells a range of Stationery (including greetings cards, general stationery, art and craft, and gifting), News and Impulse (including newspapers, magazines, confectionery and drinks) and Books. The High Street business operates from approximately 612 High Street stores. The Company's digital business operates through two Websites: www.whsmith.co.uk and www.funkypigeon.com. It also operates across Australia, South East Asia, India and the Middle East.
Henry S. Staunton
Non-Executive Chairman of the Board
Group Chief Executive, Executive Director
Chief Financial Officer, Chief Operating Officer, Executive Director
Legal Director, Company Secretary
Senior Independent Non-Executive Director
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British retailer WH Smith said on Wednesday it could cut up to 1,500 jobs as part of a restructuring of its UK store operations, due to significantly fewer customers at its travel and high street shops despite easing coronavirus restrictions.
British retailer WH Smith said on Wednesday it could cut up to 1,500 jobs as part of a restructuring of its UK store operations due to a coronavirus-driven fall in customers at its travel and high street shops.
British travel-food company SSP warned of a 50% fall in February sales across the Asia Pacific region as the coronavirus outbreak drove a collapse in domestic and international air travel, sending its shares to a more than two-year low.
British retailer WH Smith Plc said on Thursday it will buy Marshall Retail Group for about $400 million, betting that the American peer's network of stores at U.S. airports will help boost profits soured by turmoil on the British high street.
WH Smith Plc on Thursday reported a 7% increase in annual pretax profit and said it would buy Marshall Retail Group for about $400 million to expand internationally.
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