Tag #High Street Retail

What factors are driving WH Smith's decision to sell its high street business, and what are the potential buyers' profiles?

The decision to sell is driven by falling shopper numbers, rising costs, and a desire to streamline operations and focus on the more profitable travel sector. Potential buyers include Alteri, Hilco, and Modella Capital, with the sale potentially resulting in the disappearance of the WH Smith brand from UK high streets and up to 5,000 job losses. The British Independent Retailers Association highlights the potential negative impact on essential high street services.