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News

Newspapers, books and stationery retailer WH Smith Plc plans to open its first stores in Russia as part of its broader global expansion plans

The company is targeting airports to kick-start its expansion on the Russian market, with the help of local partners, Yulia Sokolova, a leasing director at Knight Frank, told Reuters.

Russia has been attracting international retailers seeking exposure to growing markets amid sluggish sales in much of Europe, with consistently rising disposable incomes and a 143 million-strong population underlying the country's appeal.

WH Smith, which operates more than 1,100 stores, primarily in Britain, plans to expand internationally, focusing on new stores at travel hubs and in growing overseas markets that are helping to offset weakness on Britain's high streets.

Source: Reuters