WH Smith shows signs of recovery in North America

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WH Smith shows signs of recovery in North America
CREDIT: Twitter

WH SMITH shows signs of recovery in North America according to reports on Thursday, November 12, as it opens stores and secures new business despite the pandemic.

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The British retail company, who was hit hard by the COVID pandemic, has scrapped its dividend for the full year as the pandemic drove it to a pre-tax loss of £280m (€313m).

The pandemic hit WH Smith’s operations in North America, where it has expanded in the airport market through its £305m (€341m) takeover of Marshall Retail Group last year, however, it said passenger numbers had picked up quickly and it expected a faster recovery in this region than in the rest of the world.

“While passenger numbers continue to be significantly impacted in the UK, our North American business, where 85% of passengers are domestic, is beginning to see some encouraging signs of recovery,” said Chief Executive Officer Carl Cowling.


WH Smith, which currently has 558 high-street stores and 243 travel stores open, including 206 post offices and 135 hospital stores, said it could cut up to 1,500 jobs as part of a restructuring of its UK store operations.


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