British retail faces a reckoning as 232-year-old chain looks to sell its high street stores
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 27 2025
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Source: CNBC
WH Smith's Strategic Shift: British retailer WH Smith is considering selling its high street business, which includes over 520 stores, to concentrate on its more profitable travel store unit that generates three-quarters of its revenue.
Impact of Economic Pressures: The U.K. retail sector faces challenges from rising operational costs due to government policy changes, leading to job cuts and store closures among major retailers like Sainsbury's.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
