WH Smith posts profit boost despite a slide in sales on the high street April 16, 2015 Stationery chain WH Smith reported a four per cent rise in half-year profits even as sales fell on the high street, after winning new contracts to open travel outlets overseas. The retailer, which has 740 travel outlets and 621 high street stores, reported pre-tax profits of £72m in the six months to the end of [...]
WH Smith share price remains flat despite fall in underlying sales – and its carpets are still a mess November 12, 2014 WH Smith's underlying sales were down one per cent over the ten week period to 8 November, but investors were unaffected by the news. Shares in the retailer hardly changed during morning trading, going up by just by 0.5 per cent to £12.12. Of the two parts of the business – WHSmith Travel [...]
WH Smith CEO Steve Clarke says stationery chain is ready for lift-off October 16, 2014 Steve Clarke has often described himself as a shy person, but with strong full-year results to shout about yesterday, the WH Smith boss came out of his shell. The cheery Irishman, who took over from his long-serving predecessor Kate Swann in July last year, put the retailer’s success – and his good mood – down [...]
WH Smith announces trial for standalone greeting cards stores as profits climbs October 16, 2014 WH Smith has achieved a pre-tax profit of £112m for the year ended 31 August, up nine per cent from the previous year. The FTSE 250 company which boasts 1,300 stores nation-wide also saw a total ordinary dividend per share of 35p, a 14 per cent increase on the previous year. Stephen Clarke, group chief [...]
WH Smith says it expects strong results for the year August 21, 2014 WH Smith announced this morning that it expects positive results for the year ending 31 August. In a pre-close trading update released today, the British book/newspaper/stationery retailer said its high street, railway and airport businesses had all performed well over the last year. It added that its new store opening programme remains on track, [...]
WH Smith halts sales fall with overseas shops June 11, 2014 WH SMITH, the books to stationery retailer, brought years of sales decline to a halt in the last quarter, thanks to its strategy of opening more shops in airports and travel locations around the world. Shares in WH Smith edged up 1.5 per cent yesterday as it revealed that total group sales were flat in [...]
WH Smith raises dividend after increasing profit April 10, 2014 STATIONER and bookseller WH Smith yesterday raised its dividend to shareholders, reflecting its confidence in future prospects after it posted a three per cent rise in first-half profit. The group, which has over 1,200 stores primarily in the UK as well an increasing presence overseas, said headline pre-tax profit for the six months to the [...]
Cost cutting pays off for WH Smith as profits rise April 10, 2014 High street retailer WH Smith has seen its cost cutting strategy bear fruit as the group reported a rise in profits before tax of three per cent to £69m, for the six months ended 28 February 2014. The newsagent found £9m of cost savings on the high street in the first half, with a further £5m [...]