UK retailer WH Smith released its interim report for the six months ended February 28, 2019, including plans for updates to its High Street store inventory. Total group revenue of £695 million was up 8 percent, with High Street sales — where most of their book sales occur — at £331 million, down £4 million from a year ago. High Street trading profit was £48 million, down £2 million from a year ago. They took a £7 million restructuring charge in the segment, following “a detailed review” that includes closing “around 6 High Street stores.” High Street comp store sales […]
