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WH Smith 'to axe up to 1,500 jobs' as it blames Covid-19 for fall in business

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coronavirus pandemic.Despite 203 stores that host Post Offices remaining open after the country was forced into lockdown on March 23, the company says footfall is "significantly down on 2019 levels".The company was founded more than 200 years ago but expects a loss of between £70 million and £75 million for the year.WHSmith said its restructuring plans will see 1,500 jobs go across the business, with proposals expected to cost the company between £15 million and £19 million.The retailer said group revenues were down 57% in July compared with the same month last year, after its travel arm was particularly badly hit by the pandemic.WH Smith Group Chief Executive, Carl Cowling, said: “Covid-19 continues to have a significant impact on the WH.

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