In the UK, WH Smith reported results for the first half of their year, ending February 28, that look encouraging against the backdrop of weak UK retail sales in general and the continuing troubles at competitor Waterstone’s and HMV in particular. Sales still fell, mind you, with same-store and overall sales at their High Street stores down 6 percent, travel-store comps down 3 percent. But profits, which were decent to begin with, remained flat. So they earned £47 million on High Street sales of £473, and £25 million on flat overall travel store sales of £213 million. The company says […]
