WH Smith Explores Sale of Historic High Street Stores Amid Shift to Travel Retail Focus
British retailer WH Smith has announced it is in discussions to potentially sell its high street stores. He Considers selling historic high street stores as it shifts to travel retail focus.
In a statement released on Saturday, the company confirmed it is "exploring potential strategic options for this profitable and cash-generative part of the group. It also includes a possible sale."
Over the past decade, WH Smith has transitioned into a "focused global travel retailer" . Now he is operating more than 1,200 stores across 32 countries. The high street division, which once served as the backbone of the business, now accounts for less than 15% of its profits.
The company’s first store opened in 1792 as a news vendor. Since then, WH Smith has grown into a major retailer wit...
