WH Smith to open 110 shops after travel sales boost

By Staff

WH Smith has said it is on track to open 110 shops this financial year after experiencing strong UK trade.

The historic high street business, which is headquartered in Swindon, said it was particularly boosted by its stores in train stations and airports, as it continues to focus more on the travel market.

The company said group revenues had increased by 8% over the 20 weeks to January 20, compared with the same period last year. Travel sales grew by 15% over the period, with its UK travel stores benefiting from improving passenger numbers at airports.

Carl Cowling, group chief executive, said: “I am pleased with the start to the financial year. Our travel business is growing strongly across all our divisions and we have seen a notably strong performance in the UK, our largest division, with total revenue up 15% and like-for-like revenue up 14%.”

In November, the retailer revealed sales had jumped by more than a quarter over the past year and profits had almost doubled as it benefited from higher numbers of travellers at airports and train stations.

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