Sales at WH Smith travel shops beat high street for first time

The Irish Times - Business - - BUSINESS NEWS - (PA)

Book­seller and sta­tioner WH Smith has re­vealed that sales from its shops in train sta­tions and air­ports have over­taken high street stores for the first time as it posted a 7 per cent rise in an­nual prof­its.

The Bri­tish re­tailer, which holds the book­shop fran­chise for both ter­mi­nals of Dublin Air­port, said its bur­geon­ing travel arm is now the largest part of the group by both sales and profit, notch­ing up a 10 per cent surge in an­nual earn­ings to £96 mil­lion and ac­count­ing for nearly two-thirds of group trad­ing prof­its.

This helped off­set on­go­ing pres­sure on the high street chain, which saw trad­ing prof­its re­main flat at £62 mil­lion de­spite a boost from spoof hu­mour books such as Bruno Vin­cent’s Enid Bly­ton for grown-ups ti­tle, Five On Brexit Is­land.–

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