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WHSmith shares tumble after accounting blunder
WHSmith shares slumped 38% on Thursday morning following an accounting error which led it to overstate its North America profits. The company has cut its profit ...
Forbes contributors publish independent expert analyses and insights. Kevin covers retail, airports, and the global traveling shopper. Last week’s spectacular collapse of 34% in the share price of ...
Forbes contributors publish independent expert analyses and insights. Kevin covers retail, airports, and the global traveling shopper. The French Relay brand (shown here at Lisbon Airport) is coming ...
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Accounting scandal mounts at WH Smith
The accounting scandal that has engulfed WHSmith deepened this weekend after The Mail on Sunday revealed the retailer is relying heavily on promotional income from suppliers to hit sales targets. The ...
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