The Post Office is looking to partner with retail firms in a bid to reduce losses of £40 million a year.

The company partner high street branches with retail firms as a way to help keep the branches in their current locations.

The Post Office already operates branches from within retail stores such as the Co-op and WH Smith.

In a statement the company said: “Our investment will maintain the size of the network and modernise branches to meet customer needs” adding that, “Crown branches are a

fundamental part of our long-term growth strategy and need to be brought into profit, currently operating at a £40 million annual loss.”