💨 Abstract

WHSmith is closing another high street store in Stockton, County Durham, marking a continued retreat from Britain's town centres. The retailer, under new ownership by Modella Capital, is focusing on its more profitable travel arm, leading to the shutdown of numerous high street locations. This trend is part of a broader struggle faced by retailers due to rising costs, online competition, and shifting consumer habits. WHSmith's exit follows similar challenges faced by rival Wilko.

Courtesy: www.thesun.co.uk