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Markets News

WH Smith sees recovery in North America after pandemic-hit year

Nov 12 (Reuters) - British retailer WH Smith said on Thursday it has started to see encouraging signs of recovery in North America, where it is opening stores and securing new business, after coronavirus-led curbs led to an annual headline pretax loss.

The company, which sells everything from books and sandwiches to headphones, posted a headline pretax loss of 69 million pounds ($91.05 million) for the year ended Aug. 31, compared with a profit of 155 million pounds last year. ($1 = 0.7579 pounds) (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Devika Syamnath)

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