British retail faces a reckoning as 232-year-old chain looks to sell its high street stores

British retailer WH Smith is considering selling its historic high street business to concentrate on its travel store unit, with over 520 high street stores potentially up for sale. The move comes as the company aims to focus on its profitable travel operations, which now make up the majority of its revenue and trading profit. The decision follows a trend in the U.K. retail industry, where companies are facing challenges due to policy changes and increased costs, leading to job cuts and store closures.

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