This site is intended for Healthcare Professionals only.

Boots initiates store closures despite strong quarterly sales

Date:

Share post:

Despite significant sales growth in the quarterly results, high street chemist Boots is moving forward with its plan to close 300 stores in the UK. The move, aimed at improving profit margins amid rising costs and competition, will reduce the chain’s portfolio from around 2,200 to just 1,900.

Last month, the U.S.-based Walgreens Boots Alliance, the parent company of Boots, announced upcoming store closures within the next year. However, the company assured that there will be no job losses as all employees will be given the opportunity to be redeployed to nearby shops.

The following sites are confirmed for closure on the specified dates:

  • Heathside Rd, Woking (end of July)
  • UEA campus (end of July)
  • Hamlet Ct Rd, Westcliff-on-Sea (August 1)
  • Windhill Road, Wakefield (October 6)
  • Upper Warrengate, Wakefield (October 7)
  • Glastonbury (October 13)
  • Guildford Road, Woking (end of October)

Boots stores at Salford Shopping Centre in Greater Manchester, Church Street in Malvern, The Port Arcades Shopping Centre in Ellesmere, and King William Street in London have already closed since spring.

Meanwhile, the Pharmacists’ Defence Association has declared its support for members affected by the closure of 300 additional Boots pharmacies. With the announcement of these closures in the coming year, the association believes that not all members will find suitable alternative roles, and some may face the possibility of redundancy.

Boots presently has a workforce of more than 52,000 employees in Britain.

The company achieved robust quarterly results, with retail sales climbing by 13.4 percent and a ninth consecutive quarter of market share growth.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Current Issue March 2024

Related articles

RPS joins efforts to boost children’s health in Wales

A group of 20 royal colleges and professional bodies unite to elevate the profile of child health in...

SSPs reactivated for clarithromycin amid surging whooping cough cases

The UK Health Security Agency (UKHSA) has confirmed 2,793 cases of whooping in the first quarter of 2024,...

Insect bites and stings surge: Searches for NHS advice triple

Visit your local pharmacy for advice and treatment of common health conditions, including infected insect bites Insect bites...

RPS Fellowship May 2024 list announced: Benjamin Hannan shines as the youngest Scottish fellow

Hannan joins 783 diverse RPS Fellowship members alongside other new 19 members announced  Benjamin Hannan, director of reform and...