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Wednesday, August 21, 2019

Boots to close 200 stores on the high street

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Boots confirms plans to close 200 stores but says that most staff affected will be redeployed.

The health and beauty retailer said on Friday 28th June that closures will take place over the next 18 months.

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Closing 200 shops is just under 10% of the Boots UK standalone outlets.

US owner Wallgreen Boots Alliance said it could not confirm specific stores earmarked at this stage, as it had only just started the process.

Boots UK’s managing director Sebastian James said: “WBA has now approved an outline plan to consolidate around 200, principally local pharmacy, stores where we have a large number within close proximity.

“We believe this is the right thing to do as it means that we can invest more in staffing those stores while not reducing our 90% coverage within a 10-minute drive of a Boots.

“We do not anticipate a significant effect from this activity to colleagues as we will redeploy the overwhelming majority to neighbouring stores.

“At the same time, we continue to open new stores where we believe there are communities that would benefit from a new Boots – for example the new Covent Garden flagship, creating 130 new jobs, which opened yesterday.”

 

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