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Book Sales Down 8 Percent at WH Smith, with 100 Kobo In-Store Shops Coming This Year

April 19, 2012
By Michael Cader

Book sales continue to decline at UK chain WH Smith, down 8 percent on a same-store-sales basis for the six months ending February 29. On their Kobo relationship, the company says “initial performance is encouraging and we plan to further develop the offer throughout this year,” without indicating any figures. High street store sales of 448 million pounds were down over 5 percent overall (by 25 million pounds) and 6 percent on a comp-store basis, but groupwide profit rose 3 million pounds. In a parallel announcement, Kobo explained that they will open 100 in-store boutiques within WH Smith high street […]

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Filed Under: Booksellers, Bookstores, Earnings Reports, ebookstores, eNews, International News

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