You are viewing your 1 free article this month. Login to read more articles.
W H Smith plans to open around 10 shops in office blocks around the United Kingdom over the next 12 months.
The Guardian reports that the retailer trialled a branch in Liverpool. The branches will be around 1,000 sq ft and have 2,500 lines, mostly confectionery, stationery and magazines. Chief executive Kate Swann said there was potential for 80 such shops.
W H Smith c.e.o. revealed the move as the retailer unveiled its annual results last week. In the year to the end of August, profits were up 8% at £82m, despite lower sales. Operating profits at the travel division, which has 490 outlets, were up 17% to £48m, despite fewer air passengers. The 565-store chain's operating profits were up only 4% at £49m.