WHSmith struggles on the high street

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WHSmith

WHSmith’s high street operations have continued to suffer throughout the first quarter, while its travel division propped up its figures.

In the 15 weeks to June, total sales at its high street arm dipped four per cent, alongside a like-for-like sales drop of the same figure.

Conversely its travel arm reported a total sales rise of eight per cent, benefiting from currency fluctuations at its international stores, which it reportedly plans to expand.

Strong like-for-like growth of five per cent at its travel arm helped offset its poor performance on the high street, with overall sales up two per cent and group like-for-likes falling flat.

READ MORE: WH Smith boosts profit forecast after Christmas success

“Whilst there remains some uncertainty with regard to the broader economic environment, we continue to focus on profitable growth, cash generation and investing in the business to position us well for the future,” a spokesperson said.

“We remain confident in the outcome for the full year.”

WHSmith’s said it was on track to meet full year expectations while remaining on course to open 15 new UK travel branches, alongside six in Rome set to open next month.

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