5 retailers boosting their investment in travel retail

It’s been over a year since high street stalwart WHSmith agreed to sell its UK high street business to Modella Capital to focus solely on its fast-growing travel retail division.
Following the move, the brand saw pre-tax profit and non-underlying items drop to £108m for the year ended 31 August 2025, from £114m the year before, as it faced a “difficult” end to the year.
Regardless, WHSmith’s former interim group CEO Andrew Harrison described travel retail as &