WH Smith to close six stores

WH Smith will be closing six loss-making high street stores, as well as "winding down" non-core initiatives once the leases expire, the company announced. For the year ended August 2018, its books business experienced a 6% drop in like-for-like revenue citing a "challenging" Christmas period in 2017 with the lack of a strong new publishing trend. The company said "the quality of publishing is still the biggest driver of market performance.” E books continued to decline across the market," he added. Stores targeted for closure have not yet been named.

From the Bookseller October 11