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WH Smith's revenue rises on strong travel demand

WH Smith has posted an 8% rise in total revenues for the 20 week period to January 20
WH Smith has posted an 8% rise in total revenues for the 20 week period to January 20

WH Smith has said it is on track to open 110 shops this financial year as the retailer was boosted by strong UK trade.

The company said it was particularly boosted by its stores in UK railway stations and airports, as it continues to focus more on the travel market.

It said group revenues increased by 8% over the 20 weeks to January 20, compared with the same period last year.

Travel sales grew by 15% over the period, with its UK travel stores benefiting from improving passenger numbers at airports.

Carl Cowling, group chief executive, said: "I am pleased with the start to the financial year".

"Our travel business is growing strongly across all our divisions and we have seen a notably strong performance in the UK, our largest division, with total revenue up 15% and like-for-like revenue up 14%," he added.