By SIMON CONSTABLE
While many retailers are getting shredded on Main Street, Britain’s WH Smith is bucking the trend by pursuing growth globally, catering to travelers in airports and railway stations. “Profits are organically moving away from the High Street to the travel side,” Laith Khalaf, a senior analyst at United Kingdom financial-services firm Hargreaves Lansdown, told Barron’s. “In an airport, you’re a captive audience for retailers.” Read more here.
While many retailers are getting shredded on Main Street, Britain’s WH Smith is bucking the trend by pursuing growth globally, catering to travelers in airports and railway stations. “Profits are organically moving away from the High Street to the travel side,” Laith Khalaf, a senior analyst at United Kingdom financial-services firm Hargreaves Lansdown, told Barron’s. “In an airport, you’re a captive audience for retailers.” Read more here.
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