UK book retailer WH Smith reported preliminary results for the year ended August 31. Overall, sales were £886 million, a decline of 13 percent, with group trading loss of £20m, compared to last year’s loss of £43 million. High Street sales were up slightly at £485m, a 4 percent increase over last year, with High Street trading profit at £19m, up from a loss of (£10m) last year. The lift is attributed to the easing of pandemic lockdowns around the world, and the growth of the company’s websites, particularly the “record performance” of their online greeting card and gift business, […]
