UK-based retailer WH Smith remains “clear and consistent” in their strategy and results, showing a regular modest decline: Sales for the six months ending February 29 of £256 million were down by £10 million (just under 4 percent) and profit of £22 million was down by £2 million. They will be expanding an in-store boutique initiative with Toys ‘R Us, adding 30 store-in-stores by the end of the year, and they continue to make clear that their flexible lease portfolio leaves them willing and able to close locations if they don’t like the terms: “We only renew a lease where […]
