WH Smith sales drop 5% since August

WH Smith store WH Smith said the environment would continue to be challenging

Related Stories

WH Smith says same-store sales have slipped 5% on the previous year, but says its profit will still be in line with expectations.

The newspapers, books and stationery retailer said its strategy of improving profit margins and cutting costs, rather than pushing sales, was working.

It trades from more than 600 town centre stores and more than 560 other outlets at airports and train stations.

The sales fall, for the 21 weeks to 25 January, is a slight improvement.

Sales for the first 10 weeks of the period fell by 6%.

Same-store, or like-for-like sales, strip out store openings and closures.

WH Smith's chief executive, Kate Swann, called it a "resilient performance", but added that the environment would continue to be challenging.

She said that the business was moving from its dependence on Christmas trading, which now accounted for less than 50% of profits, compared with 90% of profits six years ago.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features

  • ScissorsWithout Scotland?

    How might things change for the rest of the UK?


  • Diagrams showing bowler and batsmanAnyone for Vigoro?

    The bizarre Edwardian attempt to merge tennis and cricket


  • Payton McKinnonKilling heat

    Why so many American children die in hot cars


  • Dr Mahinder Watsa Dr Sex

    The wisecracking 90-year-old whose agony column is a cult hit


  • Prince George and the Duke and Duchess of Cambridge outside St Mary'sIn pictures

    Prince George has had an eventful first year


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.