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WH Smith to Retool Stores for Kids and Lighter Readers

April 11, 2019
By Sara Grace

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 […]

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Filed Under: Booksellers, Earnings Reports

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