WH Smith announced six month results for the period ended February 28, with High Street sales of £270 million, down 14 percent over the prior year, and profit of £33 million, compared to profit of £47 million last year. By the quarter, High Street sales were 88 percent of 2019 sales in Q1, 84 percent in Q2, and 87 percent in Q3 to date. The company called out High Street’s resilience and said the business was “well placed to continue to generate cash from its portfolio of well-located stores and growing internet businesses.” Reduced rents at lease renewal played an […]
