W H Smith is struggling with its UK retail chain but has big plans for its US operation.
The US will see a $850m investment programme, but there are apparently no plans for the UK, as reported in the Financial Times. The news came as the company reported a £195m loss for the year.
- Financial Times 13/06/97 page 27
- The Independent 13/06/97 page 25, page 27 (Market Report)
