Profits Doubled at Wh Smith

Daily PostOctober 14, 2005

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Summary


RETAILER WH Smith yesterday said annual profits from its high street stores almost doubled after halting unprofitable promotions and putting more emphasis on books and cards.

The retailer said its 669 branches generated profits of pounds 43m even though like-for-like retail sales dropped 2% over the 12 months to the end of August.

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Extract


Profits Doubled at Wh Smith

Chief executive Kate Swann said the "substant...

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