WH Smith issued a brief trading update covering the first 13 weeks of the second half of the financial year” (e.g. their third quarter). At their high street stores, same-store sales fell 5 percent, while comps fell 2 percent at their travel stores.Company site Also in the UK, Borders UK has hired Clearwater Corporate Finance as an adviser. A Borders spokesperson claims the goal is to “seek out funding opportunities”; the Independent says more bluntly their job is “to conduct a potential sale of the 51-store business…although a sales memorandum has not yet been sent out.” The newspaper reported recently […]
