14 October 2008 | Jake Kanter
WHSmith hopes to save £10 million over the next three years through supply chain efficiencies.
In its preliminary results, the retailer announced the cost reduction goal was part of a plan to improve customer service. WHSmith has also achieved savings of £8 million over the past year through stronger buying terms and improved sourcing projects.
A spokeswoman for the firm said better management of stock and improving the distribution of products will help it reach its £10 million target by 2011.
WHSmith posted good results, with pre-tax profits reaching £76 million, up 15 per cent compared with last year. Sales were also up 4 per cent on 2007.