Friday, October 14, 2011

Customers will have access to the largest catalog of electronic books in the UK, providing over 2.2 million shares and £ 1 million free

retailer WH Smith made his first foray into e-book market on Thursday sealed a distribution agreement with Canadian Kobo group.

analysts have expressed concern about the impact of electronic books in the sale of physical books, but the CEO Kate Swann said the measure, Smiths sell eBook readers through their stores and a website for the first time that "complement" of its traditional print business books.

Customers will have access to the largest catalog of electronic books in the UK by offering, with over 2.2 million shares and 1 million free books, while Smiths sold two versions Kobo e-book.

Smiths announced the agreement with a 4% increase in profits of £ 93 million in the year to August 31, despite equal to the sales decline of 5%.

book sales fell 4%, but business travel, primarily located in airports and train stations, produced record profits.


The company has 612 high street stores, said earnings were helped by the focus on key areas such as books, news and impulse buying, rather than less space for DVD and CD.

travel expenses increased 8% to 57 million record books, but as equals sales decreased number of passengers were affected by the difficult economic situation.
The group, which has 561 stores in travel, has opened 35 new stores in the UK and plans to open 35 more this year. The international business travel has 60 points, with 25 scheduled to open over the next 12 months.

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