|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    23rd of February 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Companies news feed Company News

All Financial News feed All Financial News

WH Smith posts 4% fall in Christmas sales

Bookmark and Share

by Kay Mitchell

WH Smith, which sells newspapers, books, stationery and confectionery, said it remains cautious about consumer spending after it posted a 4% fall in sales for the 21 weeks to 23 January.

The fall in sales was slightly better than analysts expectations of a 5% fall and the 218-year-old retailer said it has planned accordingly for the year ahead and is confident in the outcome.

Kate Swann, chief executive, said: “The group delivered a good performance during the period. We made further progress in our high street business and our travel business continues to perform well, despite soft passenger numbers at airports.”

Like-for-like sales fell 2% at its travel-based outlets, which include airports, train stations, and motorway service stations, but this was in line with forecasts.

Shares in the retailer have gained around 11% over the last six months to close at 490p yesterday.

Discuss this in the Finance Markets forums

Story link: WH Smith posts 4% fall in Christmas sales

News posted: January 27, 2010

Financial Services:

Related financial stories to: WH Smith posts 4% fall in Christmas sales:
Previous: «
Next: »

Visited 2230 times, 1 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.