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WH Smith Share Essay

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WH Smith Shares – Passable Yet Profitable In the early 1790s, Henry Walton Smith created a small independent newsvendor in London. Over the next two hundred years, this small operation would grow to become the largest of its type in the United Kingdom and would become the first officially recognised chain store in the world. Sadly, as times and technology have changed WH Smith ran into its fair share of trouble in the early 21st Century. This trouble hit the company and WH Smith shares hard, but as they say, you can’t keep a good dog down for long. When Stephen Clarke took over from Kate Swann eyebrows were definitely raised regarding his ability to carry on her good work. Because in spite of the company’s slight turnaround WH Smith still seems dated and out of place in today’s society. Thankfully, those who own WH Smith shares needn’t have had such worries. Even though it no secret that WH Smith’s pricing strategy just can’t compete with most online retailers, Clarke has still managed to push the unglamorous brand in a forward trajectory. You will hardly hear of or see people clambering to shop in their high street outlets, but it evident …show more content…

It has been music to those who have invested in WH Smith shares and market analysts alike. Instead of scrambling to create an all-in-one retail outlet and fighting against the tide, they have restructured in a way that means they are now a far more streamlined outlet. Clarke has carried on what Swann started by trimming the fat and cutting the company’s operating costs dramatically. The stores may still look well past their prime and in need of a good makeover, but the entire cost cutting process has seen the companies profits shoot back into the black and stay there. WH Smith has been constantly earmarked as company that is on its way out, yet the figures have proved such statement wrong time and time

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