WH Smith in talks to sell high street stores

Published On Jan 25, 2025, 6:31 AM

WH Smith is considering selling its high street stores as it focuses on its more profitable travel retail business, which has shown significant growth. The company has acknowledged the challenging economic conditions for high street retailers and the unfavorable consumer sentiment towards its high street stores. Analysts suggest that with shifting shopping habits favoring online purchases, a sale could present opportunities for buyers to restructure the struggling high street division. However, the future for WH Smith's high street stores appears bleak, given their consistent underperformance over the years.