W H Smith trading update shows group and travel revenue on the rise

W H Smith trading update shows group and travel revenue on the rise

W H Smith's group revenue rose on the previous two quarters in the 18-week period to 3rd July 2021, including steady improvement in Travel, as it announced 18 new technology and accessories stores in a trading update.

Total revenue for the group in the 18 weeks was 62% of 2019 levels, up from 59% and 58% in the first and second quarters respectively.

The High Street was at 86% of 2019 levels, up on the second quarter's 84% but down on the first quarter's 88%. Travel was at 48% of 2019 trade, a sharp rise on the first quarter's 39% and the second quarter's 34%.

The retailer said that whil...

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