Retailer plans to shut unprofitable stores as shopper numbers at airports fall amid Middle East conflict
WH Smith has issued a profit warning after shopper numbers at its stores in US airports fell as a result of the war in the Middle East.
The retailer, which operates 1,200 outlets globally in airports, railway stations and hospitals, also announced plans to raise about £100m to strengthen its balance sheet, pay down debt, invest in technology and shut down unprofitable stores after “a downturn in trading conditions”.
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This article was originally published by The Guardian and written by Mark Sweney.
Read original article on The Guardian