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April 20, 2023By Michael Cader

WH Smith Celebrates Only Small Declines at Their Bookstores

April 20, 2023By Michael Cader

With WH Smith’s High Street bookstores in a long, steady decline, the parent company’s earnings report for the first six months shows only light falloff from last year’s comps. Sales of £266 million were down just £4 million from the same period a year ago, with trading profit of £24 million down £2 million. The company noted a “good performance in books, supported by Prince Harry’s autobiography Spare” and “a good performance from Mother’s Day across our stores and digital channels.” There is no expectation of growth; the company has consistently focused on wringing cash out of the bookstore business: […]

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Filed Under: Booksellers, Earnings Reports, International News

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