WH Smith said its sales for the past year are expected to be “slightly ahead” of expectations as its travel business continued its recovery in recent weeks.
The retail group revealed that total sales in the six months to August 31 were 65% of pre-pandemic levels from the same period in 2019.
It said it was boosted by improvement in the last eight weeks of the period, with group sales at 71% of 2019 levels, after a lift in travel trade as airport and train station stores saw footfall recover more.
UK traveller numbers are still “significantly down” versus 2019 but the group highlighted the “gradual recovery” in activity in July and August.
We remain confident in revenues returning to pre-Covid levels in the next two to three years
The retailer said it will grow its UK travel arm despite uncertainty in the sector caused by Covid restrictions, with plans for four…