WH Smith sales increase 1%

WH Smith sales increase 1%

WH Smith's total group sales for the last quarter grew slightly by 1% compared to the same period in 2014, although high street sales were down.

The high street division saw both total sales and like-for-like sales fall 4% compared to last year in the 13 weeks ending 30th May.

However, the losses were offset by growth in the travel business, where total sales grew 8% and like-for-like sales increased 4%. The company said it saw saw gross margin improvement and that its new store opening programme, both in the UK and internationally, was progressing well.

In April WH Smith reported an overall rise in pre-tax profit of 4% to £72m but said the general retail market was challenging.

In book retail, children’s sales are the “most resilient”, it said. Market growth in e-book content has slowed as e-book consumption continues to migrate to apps on tablets rather than dedicated e-reading devices.