WH Smith
This coverage examines WH Smith’s operations and strategy within the UK retail sector, focusing on travel and high-street store performance, product range adaptations, supply chain logistics, and digital initiatives. Reporting highlights leadership decisions, market positioning, and consumer trends, offering insights for retail executives, category managers, and professionals in travel and convenience retail.
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Jun- 2020 -2 JunePeople Moves
Tesco CFO Alan Stewart announces plans to step down
Tesco has announced that CFO Alan Stewart has decided to retire from the position and leave the company on 30 April 2021. The company board is now conducting both an internal and external search to identify a successor. Stewart joined the grocer in 2014, as a member of the board…
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May- 2020 -14 MayCoronavirus
WH Smith sales plunge 85% amid lockdown
WH Smith has revealed that group total revenue plunged 85% in April in light of the ongoing pandemic. Following the nationwide and global lockdown, travel revenue plummeted 91% last month, while high street revenue tumbled 74%. It comes as the retailer closed most of its UK stores, excluding 203 Post…
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Apr- 2020 -7 AprilCoronavirus
WH Smith raises £166m through share placing
WH Smith has raised £166m through a share placing in efforts to shore up its finances amid the ongoing coronavirus pandemic. A total of 15,751,826 new ordinary shares were placed at 1050p per share, with existing and new investors. The move raised a total of £165.9m for the group. The…
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6 AprilCoronavirus
WH Smith to raise equity amid ongoing pandemic
WH Smith has announced its plans to issue equity in order to secure a £120m lending facility amid the ongoing pandemic. Due to the “uncertain” period of trading, the group plans to secure the loan in order to strengthen its balance sheet, working capital and liquidity position and mitigate the…
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Mar- 2020 -12 MarchHigh Street
Covid-19 could knock £130m from sales, says WH Smith
WH Smith expects that full-year results will see an ‘adverse impact’ from the effects of coronavirus, with up to £130m being wiped from its revenue. In its latest update, the stationary group predicted an impact between £100m and £130m on group revenue, while underlying profit before tax can expect a…
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Feb- 2020 -10 FebruaryHigh Street
WH Smith seeking overhaul on rent payment to landlords
WH Smith is reportedly urging its landlords to allow the retailer to delay its rent payments as it looks to improve its cashflow. According to The Sunday Times, the newsagent chain is set to ask landlords to switch from receiving rent payments in advance – which is the current industry…
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5 FebruarySponsored Articles
Customer focus and innovation at the heart of the new retail paradigm
The CX Exchange for Retail is the annual meeting place for the most senior names in the industry to connect with the biggest brands in retail, and hear how they are navigating digital transformations into customer-centric organisations with personalisation and customer focused strategies. The Exchange will equip you with the…
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Jan- 2020 -22 JanuaryHigh Street
WH Smith travel division drives revenue growth
WH Smith has announced it delivered a “good performance” over the Christmas trading period, with total revenue up 7% for the 20 weeks ended 18 January. Total revenue was also up 19% in the group’s travel business, with like-for-like revenue up 3%. The retailer said its UK travel arm saw…
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Dec- 2019 -19 DecemberHigh Street
WH Smith acquires Marshall Retail Group
WH Smith investors have voted in favour of the group’s acquisition of US retailer Marshall Retail Group. In a general meeting held yesterday (18 December), 99.98% of shareholders voted to acquire the group in a $400m ( £312m) deal on a cash and debt-free basis. The approved move will now…
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Oct- 2019 -17 OctoberHigh Street
WH Smith to acquire US travel retailer in £312m deal
WH Smith has agreed a deal to acquire US-based travel retailer Marshall Retail Group (MRG) in a £312m deal. WH Smith said that the acquisition of MRG represents a “rare and compelling opportunity to accelerate its expansion in the large and fast growing US travel retail market”. The transaction is…
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