On Thursday, British retailer WH Smith reported sales for the full year ended August 31. For the year, sales rose 7 percent to £1.918 billion with profit before tax and non-underlying items up 16 percent to £166 million. High street sales were “in line with expectations” at £452 million, down 4 percent from £469 million. Profit of £39 million was down from £43 million a year ago. The company made plain what has been clear for a while from their results and their strategy: As they grow the travel business, the high street division—which accounts for about 15 percent of […]
