WH Smith has reaffirmed its plans to sell its high street division to Hobbycraft's owner, Modella, by the end of the month.
In March, the FTSE 250 firm announced it had agreed to divest the arm in a deal valuing it at £76m.
Upon completion, replaced by TGJones.
All approximately 480 stores and 5,000 staff members of the Swindon-based high street businesses will transition to Modella Capital's ownership as part of the agreement.
In an update to the London Stock Exchange, WH Smith also confirmed that its total revenue rose five per cent in the 13 weeks to 31 May, with like-for-like sales also increasing by five per cent, as reported by .
Revenue in the º£½ÇÊÓƵ grew five per cent, while revenue in North America increased three per cent and revenue in all other regions jumped by nine per cent.
WH Smith stated that its expectations for the full year remained unchanged, although it was "mindful of the broader economic and geopolitical uncertainty".
"[WH Smith] is well positioned as we enter our peak summer trading period," it said.
"We are strengthening our focus on cost and cash discipline, and we are in a strong position to capitalise on substantial value creating opportunities that exist across our markets."
Juliie Palmer, partner at Begbies Traynor, said that WH Smith looks "firmly back on track" after offloading its struggling high street division.
"Now repositioned as a pureplay travel retailer, the business is off to a flying start, with revenues up across all geographies as it taps into the ongoing travel boom."
However, Palmer warned that Us tariffs may "unsettle" its North America operations, while "ongoing geopolitical tensions pose a risk to global travel industry".
"With the crucial summer season fast approaching, the market will be watching closely to see if WH Smith can continue to build on its momentum and cement its position as a leader in the travel retail space."
