WH Smith to Divest High Street Stores as Part of Strategic Shift to Travel Retail

WH Smith, a British establishment with a long-standing history, is set to sell its high street stores to prioritize its travel retail segment. With a market cap nearing £1.5 billion, this move aims to address changing consumer habits and capitalize on its most profitable area. Discussions with potential buyers for its 500 high street locations have begun, though no timeline or buyers have been confirmed.