WH Smith reported earnings for the six months ended February 29, 2020, with High Street sales of £315 million, down from £331 million — continuing their long, steady decline, this time down 5 percent overall, and 4 percent lower on a same-store basis. High Street profit was £44m in the period, compared to £48 million in 2019. “There was very little impact of COVID-19 on our first-half results, however, inevitably the performance in the second half will be very different,” said ceo Carl Cowling. In late March the chain closed about 60 percent of its High Street stores, along with […]
