Profits up at W H Smith amid "soft" book market

Written By: Lisa Campbell Publication Date: Thu, 14/04/2011 - 09:57 Like for like book sales at W H Smith have fallen by 3% in a "soft" market as the retailer reported a 3% increase in profits to £64m. In its interim management statement, for the six months to 28th February, the group's sales dropped 4% to £686m, with like for like sales falling 5%. Non-fiction sales increased and the business benefited from strong fiction and childrens books. The company said its gross margin for books was up year-on-year. read more Continue reading at 'The Bookseller'

[ The Bookseller | 2011-04-14 00:00:00 UTC ]
News tagged with: #book market #childrens books #book sales #retailer reported #3% increase #28th february

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