UK retailer WH Smith is looking to sell their High Street business–that is, their trade bookstores–as it focuses on its more profitable airport stores. “WH Smith confirms that it is exploring potential strategic options for this profitable and cash generative part of the group, including a possible sale,” the company said in a statement. “Over the past decade, WH Smith has become a focused global travel retailer. The group’s travel business has over 1,200 stores across 32 countries, and three-quarters of the group’s revenue and 85% of its trading profit comes from the travel business. “There can be no certainty […]
