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April 23, 2009By Michael Cader

Sales Off at WH Smith; New Betrams Owner Reports

April 23, 2009By Michael Cader

High-street sales fell 6 percent at WH Smith in the first half of their fiscal year, at 522 million pounds, and profits of 47 million pounds declined by the same percentage. Same-store book sales declined less, at 3 percent, and the company says “we saw further good share performance versus the general high street with strong market shares in kids books…and celebrity autobiographies.” They add that “we increased the focus on kids books with major range reviews leading to wider ranges being introduced in areas such as picture books.” Smith release The new owners of UK wholesaler Bertrams also reported […]

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Filed Under: Booksellers, Earnings Reports, International News

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