WH Smith fails to impress as shares slump despite boom in travel arm Retail Shares in WH Smith were down by almost seven per cent in early trade, despite the business telling markets it has high hopes for a strong summer of trade as demand for travel booms.
WH Smith continues to ride planes and trains to growth with captive audience strategy WH Smith WH Smith said it was “confident” of another year of significant growth, as it continues to benefit from a resilient demand for travel.
How airports and captive audiences are driving a revenue spike at WH Smith WHSmith WH Smith continued to reap the benefits of resurgent post-pandemic travel demand, with the newsagent improving its expectations for the financial year in a trading update this morning, on the back of a 31 per cent year on year rise in revenues from its airport shops. In the 13 weeks to May 27, the newsagent [...]
WH Smith plans US store expansion as return to travel delivers bumper profits November 9, 2023 WH Smith said that revenues leaped 28 per cent for the year to August as the airport newsagent pans to bolster its presence at travel hubs through a “forensic approach to space management”. The book and stationery supplier said revenues were at £1.7bn, as the firm was boosted by surging return to travel after the pandemic. [...]
WH Smith finance chief set to retire as senior figure at Burberry picked as replacement for role March 15, 2024 WH Smith has announced that its chief financial officer, after more than two decades at the business, is set to leave the business, to be replaced by a senior member of high-fashion Burberry. Robert Moorhead, the current CFO and chief operating officer of WH Smith, will retire from the business. He joined the company in [...]
Toys ‘R’ Us returns to high street with new WH Smith partnership June 1, 2023 Toys ‘R’ Us will make its return to the high street after five years, revealing plans to open nine concession stands in WH Smith. In 2017, the children’s retailers declared bankruptcy after years of rising debt and dwindling sales and the following year it shut all 100 of its UK stores. Its collapse was linked [...]
WH Smith revenues boosted by return of rail and air travellers January 18, 2023 WH Smith said revenues had surged in the first few months of its financial year today as its airport and train station-based shops reaped the rewards of a rebound in travel. In a trading update today on the 20 weeks to the 14th January, the book and stationery stalwart said that revenues ramped up 40 [...]
Where next for WH Smith shares? June 14, 2022 WH Smith could be one of Covid’s big winners. The retailer is expected to release their latest trading update on Wednesday. It is sometimes said of WH Smith that if it didn’t exist, one wouldn’t invent it. However, the retailer, which is due to post a trading update this Wednesday, could be one of the Covid pandemic’s [...]
WH Smith has no plans to grow ‘healthy’ high street presence as it eyes airports instead June 30, 2023 WH Smith boss said the retailer has no plans to open any additional high street stores but is focusing on growing its transport hub and international presence. “We’ve got a very healthy High Street business in the UK”, Carl Cowling told the BBC, “but we’ve got no ambitions to grow that”. “When you look at [...]
WH Smith, M&S and Argos among hundreds fined for failing to pay minimum wage June 21, 2023 Hundreds of businesses including high-street heavyweights WH Smith, M&S and Argos have been named and shamed after being fined for failing to pay workers the minimum wage. Firms from sole traders to household names were ordered to repay 63,000 staff lost wages totalling close to £5m, after breaching National Minimum Wage (NMW) law. WH Smith [...]