WHSmith to Exit UK High Streets After Sale

WHSmith is reportedly planning to sell its 500 high street stores, which could lead to the disappearance of the brand name from UK high streets after 230 years, focusing instead on its travel outlets at airports and train stations. Potential buyers include investment firms Alteri and Modella Capital, as well as Hilco and HMV owner Doug Putman. This move is part of a broader trend affecting the British retail sector, which is facing increased costs due to changes in National Insurance Contributions and other economic pressures. The British Retail Consortium warns these changes could result in £5 billion in extra costs and the loss of 160,000 jobs by 2026. Other retailers like Greggs and Trespass are also closing certain stores, reflecting challenges in the retail market.