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Cost Cutting Helps Profits At WH Smith Despite Falling Sales

Posted at 8:31AM Wednesday 22 Jan 2014

A squeeze on costs helped WH Smith record a "good profit performance" over Christmas, despite the quarter marking a decade of declining festive sales at the retailer.

Like-for-like sales were down 4% for the 20 weeks to January 18. They have been consistently negative for this period since 2005 but the retailer's strategy of focusing instead on margins is admired by City analysts.

Standard

Christmas Trading Statement




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