WH Smith bullish on outlook for the full-year despite a decline in sales


first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution WH Smith yesterday gave an upbeat view for the rest of the year despite reporting a drop in sales.Group sales fell two per cent in the ten weeks to 6 November.The firm said sales at stores open over a year were down one per cent at its travel division and down four per cent in its high street business.The company said: “We remain a resilient business and are well positioned for continued growth in the future.”Chief executive Kate Swann’s strategy is based on cutting costs and improving gross margins by focusing on more profitable products, better sourcing and better control of markdowns, rather than driving top-line sales.She has rebalanced WH Smith’s mix of products towards core categories and away from entertainment products — CDs, DVDs, computer games and consoles.Last month the retailer beat forecasts with a nine per cent rise in 2009-10 profit, lifted its final dividend by 18 per cent and said it would return up to another £50m to shareholders through a buyback programme.Shares in the company have risen ten per cent in the last three months.The company has 570 high street stores and a 500-outlet travel division with units at airports, train stations, hospitals, motorway service stations.Numis Securities analyst Andrew Wade said WH Smith continued to do the right things, although he warned the outlook for next year remained tough in an uncertain consumer environment. Share Thursday 11 November 2010 7:58 pm WH Smith bullish on outlook for the full-year despite a decline in sales center_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content Show Comments ▼ whatsapp Tags: NULLlast_img read more