WHSmith reveals strong Q4 performance for travel branch
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High street newsagent WHSmith has reported strong sales across its travel business branch in its Q4 results.
The group said its new store opening programme both in the UK and internationally is “in line with [expected] plans”, and has already opened eight stores in Madrid Terminal 4 in mid August and opened the first of six stores in Rio de Janeiro.
The retailer now has 286 stores open internationally and said it continues to see further opportunities in the international news, books and convenience travel market.
A statement by the group said: “High street business continues to perform in line with expectations. Cost savings and margin improvements have been delivered in line with our profit focused strategy. We continue to invest in our new store format trials and have developed further our stationery ranges.”
