Could stationery retailers be facing a future in concessions?

As the new year began, stationery retailers such as Ryman and WHSmith reported poor performances in their high street stores, while Tesco acquired Paperchase’s intellectual property, but not its stores, for the sole purpose of concessions. Could it be the only way stationery can turn a profit on the high street?

Stationery retailers have not had a brilliant start to the year, as shown by a succession of less-than-stellar financial results from big players in this corner of the market, such as Ryman and WHSmith. For starters, Ryman reported a loss of £8.5m in earnings for the first time in 25 years, while WHSmith’s high street division slumped 2% on last year’s results. 

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