Tag: high street business

WHSmith Considers Divestment of High Street Division Amid Strategic Shift

WHSmith, the renowned retail group, is reportedly in secret discussions to divest its high street operations. This move aligns with a strategic focus on its burgeoning travel retail division, which significantly outperforms the high street sector in both revenue and profit contribution. The anticipated sale involves approximately 500 stores and impacts over 5,000 employees. The decision reflects broader retail trends and challenges faced by brick-and-mortar stores.