Smiths News has posted strong overall sales growth despite falling newspaper and magazine sales.
The newspaper and magazine wholesaler reported a 37.7% hike in sales for the 19 weeks to 10 July, boosted by its acquisition of book wholesaler Bertrams last year as well as new contract wins.
However, newspaper like-for-like sales fell 4.5% during the period, with magazine like-for-like sales down 1.6%.
The wholesaler also confirmed that new FD Nick Gresham would join the company on 1 August.
Smiths News claims 4.8% hike in carriage charges is necessary (3 July 2010)
League tables ‘would prevent abuse of wholesalers’ power’ (5 June 2010)
Smiths celebrates Dawson effect as new finance chief signs on (22 April 2010)