The future of WH Smith on the High Street is uncertain as it prepares to be sold to Modella Capital, marking a significant shift in the retail landscape. Keith Edelman, an expert in retail, expressed sadness over this development, calling it a wake-up call for the Government to reassess support for traditional retailers. He argues that the existing tax system disadvantages physical stores compared to online competitors. While the name WH Smith will continue in non-retail settings, its High Street presence will transition to TGJones, indicating a broader trend of decline in traditional retail outlets.
The news of WH Smith's impending disappearance from the High Street is a devastating signal of the challenges facing traditional retailers.
Keith Edelman emphasizes that the Government must act to reform taxation for physical retailers to compete fairly with online businesses.
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