High street giant WH Smiths revealed a strategic partnership with Canadian eBook supplier Kobo.
WH Smith have agreed a distribution deal that will see it become a seller of electronic readers for the first time – sold in store and online.
This will give UK customers access to the largest eBook catalogue through the deal which will supply 2.2million titles and one million free books.
WH Smiths will be selling two visions of Kobo’s electronic reader, the book seller has stated the move will compliment its traditional print book business.
The book giant has also reported an increase of 4 per cent in profits in the year to August 31. The company has also increased its annual dividend to 22.5p (16%).
Although book sales have fallen 4 per cent, the travel business has seen record profits from stores mostly situated in airports and railways.
The business has made £14 million savings from its high street stores, mainly from better energy use, new technology and increasing supply chain efficiently. More savings are planned for the next two years, a further £11 million.