WHSmith expands Toys R Us concessions to 76 by Christmas, following a 5% revenue increase.
WHSmith, a UK retailer, will open 37 new Toys R Us concessions by Christmas, raising the total to 76. This expansion follows a 7% increase in like-for-like sales at its travel shops, contributing to a 5% overall revenue rise for the year ending August 31. Despite a 2% decline in high street sales, the company aims to position itself as a "one-stop-shop" for travelers, while initiating a £50 million share buyback and returning £85 million from a pension buyout.
September 11, 2024
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