On the initial close of their fiscal year, UK retailer WH Smith is “encouraged by the improving trends” at their travel stores, which operated at 55 percent of fiscal 2019’s sales in the second half of the year. At their High Street bookstores, results have been flat or slightly declining during the fiscal year: The first quarter was up to 88 percent of pre-pandemic 2019 sales; Q2 was at 84 percent; and the second half was at 85 percent, but the most recent 8 weeks were are 84 percent. The company says, “We continue to focus on the return on […]
