collected by :phillip rony
WH Smith generated higher discounds from its travel shops than its high street stores for the 1st time in its 225-year history on the back of a surge in tourists splurging on Union Jack souvenirs & international development.
The Corporation recorded overall discounds development of 2pc to £one.2bn for the year to August 31, driven with a 9pc boost in its travel business, that helped to offset a 5pc down in high street stores.
Pre-tax profits rose 7pc to £140m during the year.
For at least the final 5 years WH Smith has managed its high street estate for profit in the face of steadily declining discounds When focusing on growing its travel business with adding further shops in Britain train stations & airports as well as a great international push.
Travel this day accounts for 60pc of WH Smith’s group trading profit & only over 50pc of total discounds.
WH Smith travel store discounds from plane & train terminals trump high street as retailer hikes dividend
Rebecca SmithWH Smith’s booming travel business has been propelling the high street stalwart for a When this day.
& this day the Corporation declared which income for its 815 shops across train stations & airport terminals has trumped high street discounds for the extremely 1st time.
Read further: WH Smith to benefit from higher travel salesThe figuresProfit in travel was up ten per cent to £96m.
Group income rose 2 per cent to £one.2bn, in line by analyst forecasts, by travel income up 9 per cent, When high street income dipped 5 per cent.
& When travel trading profit rose ten per cent, high street trading profit remembered flat at £62m.
WH Smith sees travel stores trump high street shops for the 1st time
as informed in WH Smith has detect which discounds from its shops in train stations & airports have overtaken high street stores for the 1st time as it posted a seven% hike in annual profits.
WH Smith has detect which discounds from its shops in train stations & airports have overtaken high street stores for the 1st time as it posted a seven% hike in annual profits.
WH Smith has 582 travel stores across the Britain, as well as a growing overseas footprint, by 233 international shops.
WH Smith has 611 high street stores, having locked 3 over the financial year.
Nicholas Hyett, equity analyst at Hargreaves Lansdown, told WH Smith was “the high street stationer no longer”.