By Grace Bowden2019-06-28T12:36:00
Boots’ UK boss Seb James has confirmed the retailer’s plans to close approximately 200 stores by 2021.
The health and beauty retailer’s store closure programme, which will impact just under 10% of its store estate, will focus on stores in locations where the retailer already operates multiple outlets.
The move follows retailer’s US parent company Walgreens Boots Alliance’s chief executive Stefano Pessina’s pledged to cut costs across the group to the tune of $1bn (£800m) in three years in December.
Boots UK managing director Seb 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.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.