60 h. ago WHSmith closing two shops today as it pushes ahead with sale of high street stores

Last month, WHSmith agreed to sell its UK high street chain to investment firm Modella Capital in a deal valuing £76 million. The majority of its stores will eventually rebrand as TGJones, however, a large number of them will shut down

Economics

3 d. ago WH Smith growth plans in focus after sale of high street stores

Last month, WH Smith announced that Hobbycraft owner Modella Capital will buy its high street arm for around £76 million.

Politics

3 d. ago Eco friendly City office block sold 'to US bank' for £333 million

Sale of refurbished 100 New Bridge Street expected to complete in April next year

Economics

1 week ago Boots half price sale on No7, Marc Jacobs and Fenty products happening Sunday

The high street retailer has revealed that its online sale will return, but it will only last for 24 hours.

Economics

2 w. ago Lanarkshire's WH Smith stores to disappear from high street as firm sells 480 locations

No mention has been made of store closures or redundancies as a result of the sale and WH Smith has insisted that the high street business remains profitable.

Events

2 w. ago WHSmith sale: What now for 480 high street shops under ‘unknown’ TGJones brand?

“TGJones will have to do something remarkable on pricing to lure in the punters” – Russ Mould, AJ Bell

Economics

2 w. ago WH Smith high street stores to be rebranded TG Jones after £76 million sale

WH Smith name will live on at airport and train station branches

Economics

2 w. ago China’s Xi urges global CEOs to protect trade supply chains; WH Smith sells high street stores – business live

Rolling coverage of the latest economic and financial newsShares in WH Smith have dropped by 2.4% in early stock market trading in London, as traders digest the sale of its high street stores for £76m.Less encouragingly, the UK’s trade deficit has widened.finished manufactured goods (£1.8bn)semi-manufactured goods (£1.2bn)oil (£0.6bn)other fuels (£0.3bn)“The UK’s current account deficit with the rest of the world widened slightly in the latest quarter, driven by falling exports of goods.Our balance of payments statistics for recent years have been updated to incorporate improved measurement of foreign direct investment and corrected trade data.” Continue reading...

Economics

2 w. ago Iconic high street retailer WH Smith announces MAJOR rebrand as it agrees £76million sale

WH Smith has agreed to sell its UK high street chain to Modella Capital in a deal valuing it at £76 million and will eventually rebrand under a new name, the company has announced.

Economics

2 w. ago WHSmith secures 'long term future' as sale of 500 stores draws closer

The long term future of the WHSmith brand has seemingly been secured, although the future of 500 UK high street stores and its large team of staff remains unknown

Politics

2 w. ago 'My three favourite mascaras are now under £10 in a huge spring beauty sale'

Three of my all-time favourite high street mascaras for volume, length and lift are currently on sale, so I'll be stocking up while the prices are this low

Economics

3 w. ago Next slashes up to 50% off fashion and homeware in massive spring sale starting from £2

The high street retailer has launched a huge spring sale, offering shoppers up to 50% off thousands of styles, including those loved by Rochelle Humes and Myleene Klass

Economics

3 w. ago WHSmith to close 10 more high street stores as sale looms closer – see full list

WHSmith has put all 500 high street stores up for sale, but has confirmed that 10 more will close before that happens having already announced the closure of 10 others earlier this year

Politics

3 w. ago AI and US tariffs expected to fuel fresh surge in secondhand fashion sales

Use of hi-tech search tools enables shoppers to find items they want, while trade war pushes up prices of new clothesArtificial intelligence will spur on sales of secondhand clothing, according to the boss of one of the biggest online resale sites, after global sales rose 15% last year – more than four times faster than the wider market.Pre-loved clothing items now account for $227bn (£175bn) or 9% of total fashion sales, according to a report by analysts at GlobalData for online the clothing reseller ThredUp. The figure represents a big leap over the past five years and has led to resellers eating into the market share of major clothing retailers. Continue reading...

Economics