WHSmith is betting big on North America.
The UK-based retailer is on track to open over 110 stores this year, including over 50 in North America, where it continues to make “excellent progress,” the company stated.
“The growth opportunities in North America are substantial and there is a good pipeline of tenders,” stated group CEO Carl Cowling. “We have a strong airport store opening programme in the year with the majority of these stores due to open in the second half, as expected.”
Cowling said the company is seeing passenger number growth and “strong “demand for its travel essentials categories.
WHSmith’s Marshall Retail Group’s (MRG) airport and resort business now represents approximately 50% of the revenue of its North American division.
WHSmith is a leading global retailer in news, books and convenience for travelers, with more than 1,700 stores across 30 countries worldwide. the Company has a growing international business with over 600 stores primarily across the world's leading airports.
In November 2018, WHSmith acquired InMotion, a global technology retailer in U.S. airports, now operating over 120 stores, including stores in the UK, Spain and Australia.
In December 2019, WHSmith acquired Marshall Retail Group, a leading and fast-growing U.S. travel retailer with over 170 stores.