Update Whsmith Files Review – The company has seen a particularly sharp recovery in airport stores amid sharp growth in international travelers.
WH Smith said the relaunch of travel has pushed sales past pre-pandemic levels for the first time since the coronavirus hit.
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The retail company told shareholders on Wednesday that it now expects full-year business to top analysts’ expectations.
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Total WH Smith sales were 107% above pandemic levels in the 15 weeks to 11 June, with sales up 123% on the same period in 2019.
This was boosted by expansion into the travel sector with the purchase of US-based technology company InMotion in 2018.
The group added that it is looking to expand further in the travel retail sector, with deals in 125 new stores yet to open.
Train shops have also reported a recovery in business as more people return to the office and spend more time traveling, although these sales remain below epidemic levels.
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WH Smith stressed that this included a negative impact on its Funky Pigeon online greeting card business which saw orders halted by the cyber attack.
In a statement, WH Smith said: “While the wider global economy remains uncertain, the group is well positioned to continue to profit in our key markets and capitalize on the opportunities we have achieved with 125 new stores and more to come. Open, with our new store formats and more areas for the development of the Sector in the areas.
“Travel continues to perform strongly in all three sectors and we expect to maintain this during the summer business.
“As a result, we now expect full-year results at the high end of analysts’ expectations.”
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Is this what Shakespeare really looked like? Nostalgia is the only portrait painted during his lifetime On November 15, 2022 it was certainly a very difficult period in national sales but WH Smith was hit hard.
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Revenue was 57% lower in July than this time last year and the company is expected to make a loss of more than £70m in the year to August.
This loss of revenue is due to a large number of customers falling due to the coronavirus restrictions.
Carl Cowling, chief executive of WH Smith Group, said: “In our travel industry, while we are starting to see signs of recovery in some of our markets, the pace of recovery has been slow.
“At the same time, while our high street business has made some progress, this low level of footfall is having a negative impact.
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“I regret that this will affect a large number of colleagues whose roles will be affected by these important actions, and we will do all we can to support them at this difficult time.”
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The Month 1878 09: Vol 34 Iss 171
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Buy it now WHSmith Pastel Assorted Polypro A4 Expanding File with Button Loop Fastening Added to your watchlist August 6, 2020 June 22, 2021 Business, Media, News Agencies, Train, Shopping, Retail, Tameside, Aston Stores Review , Train , Transportation, travel
In this additional contribution from the Aston Stores Review, we look at WHSmith’s mess and wonder if there is a way out.
It’s safe to say that at any time in our lives, we Brits would never have thought of W.H. We have a certain relationship together. Smith and Sons in more ways than one. Indirectly, we distribute our newspapers and magazines through a network of media outlets. For example, in Tameside, the nearest branches were in Bredbury and Oldham.
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The WHSmith kiosk is essential for our holiday reading. No long train journey is complete without a magazine or comic from their branch at Manchester Piccadilly Station and countless others on the national rail network. At some point, having your magazine or not having it on the shelf can affect the success of your content.
An example of this can be seen in the founding of Future Publishing, whose rise to global dominance began life with a cassette tape.
The magazine. The sale of that mag – and its cassette – on the shelves of WHSmith was a turning point in the fortunes of Chris Anderson’s company. In the pre-Internet era, marketing to the first national news network was critical to the success of any publication. It was the deadwood equivalent of your single on Radio One’s playlist.
With the Christmas edition hitting the shelves, modern life has never been so kind to WHSmith. The circulation of our newspapers has declined dramatically as more people get their news online. In 1985, more than 2.5 million copies
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Sold: Today, only half a million are sold each week. Any stationery that could have been bought at WHSmith 35 years ago can be bought cheaper at supermarkets and online retailers. and comparable quality.
A reflection of WHSmith’s current fortunes can be seen in the underinvestment of its stores. At its urban stores, sales have fallen, although its airport, car service, and train station branches have kept the company afloat.
Then came the coronavirus, and the commute to work from home. As a result, it reduced the demand for rail and air services. The government can share some of the blame for its anti-bus messages – except bus companies are trying to make the cars cleaner than your front room. With the COVID-19 pandemic, the lack of demand for public transport and scheduled flights hit WHSmith.
At the height of the ban, most of its stores were closed. Those that remained open – initially with limited hours – were post office concessions (including its branches in Aston-under-Lyne, Altrincham and Oldham). After the government allowed ‘non-essential’ stores to reopen, WHSmith followed suit, but customers never returned.
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Back in 1985, WHSmith stores were decorated mainly in orange, beige and gray with the orange cuboid WHSmith logo and sans-serif typography. There was a clear, formal, stable, but calm atmosphere. Despite its paternalistic tendencies, it was a welcome place to keep up with the times. Their supermarkets have dedicated computer software sections alongside their recording departments.
Like its high street rivals, WHSmith
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