Boots becomes latest high street casuality with over 200 stores to close
More than 200 Boots stores across the country are facing closure in an effort to cut costs.
Boots, which is owned by American firm Walgreens Boots Alliance (WBA), may close more than 200 stores as part of a cost-cutting exercise.
Concentrating on areas with more than one store, the affected branches will be reviewed over a 12 to 18 month period, with Boots saying did not have “a major programme envisaged” but always examining “underperforming stores and opportunities for consolidation”.
It added: “We are being realistic about the future and that we will need to be agile to adapt to the changing landscape.”
The health and beauty chain is the latest in a string of high street retailers to fall on tough times in 2019, including department store Debenhams, retail group Arcadia, fashion store Select and restaurant chain Jamie’s Italian.
The brand has confirmed that it will try and relocate affected staff to existing or new stores where possible.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'
Upskilling key to civil engineering's future
Why apprenticeships are becoming a strategic asset
Business growth requires the right environment