WHSmith sales decimated by coronavirus as first-half profits dip

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WHSmith’s sales have been obliterated by the coronavirus as lockdown restrictions decimated its travel division.

The stationery specialist said revenue in April plummeted 85% year on year as sales made through its growing portfolio of airport and train station shops tumbled 91%. Revenue from the retailer’s high street locations was down 74% during the same month.

WHSmith said the “vast majority” of its travel stores are temporarily closed amid the pandemic, which has caused a “significant decline in passenger numbers”.

It continues to operate 130 stores inside UK hospitals, as well as 203 high street locations that include Post Offices.

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