One the 13 weeks to May 30, sales in WH Smith businesses grew 1%. As Marketwatch reports, the story is different for two important channels for the group:
Same store sales for the company’s travel division grew 4%, while the high street division recorded a 4% fall in like-for-like sales during the 13 week period.
The WH Smith high street model is closed to the Australian high street newsagency model. The Guardian has in-depth analysis from BESI Research which includes a note about improving margins. This is key in retail today – your overall gross profit for if you can grow this you are better prepared to weather and traffic or revenue decline.