UK-based WH Smith reported annual results through August 31, declaring what passes for “another good performance” at their High Street stores — which means trading profit there grow £3 million to £62 million, even as sales continued to ebb. Total sales in the division fell 3 percent and same-store sales declined 2 percent, even with the launch of the Zoella Book Club and the popularity of “color therapy” books, which “were a key driver of sales.” But book sales still feel 2 percent on a same-store-basis, with stationery sales rising and a growing initiative to install actual Post Offices inside the stores. They note that “kids book sales […]
