255: WH Smith’s ever-increasing overseas exposure
High-flying retailer WH Smith (SMWH) has so far won the rights to run 255 outlets in overseas transport hubs; 213 are already operational.
Many people don’t realise it is increasingly generating more money from outside the UK. WH Smith now has exposure to 25 countries and 42 non-UK airports.
Its travel division – which includes sites in UK train stations and airports – continues to be the profit growth engine in the business.
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