Retail Property - Boots heads back out of town

Following the collapse of its experimental shop-in-shop trial with Sainsbury's, Boots The Chemists is back on the acquisition trail out of town.

Announcing the decision to go it alone again, Boots chief executive Steve Russell said: 'While evaluating the partnership with Sainsbury's, Boots has also been developing the next steps in its own edge-of-town plans. The company will double edge-of-town representation over the next three years.'

Boots has 77 edge-of-town stores, and over the past three months, it has exchanged contracts on six more sites. These include Pillar's Waterlinks site at Watford in Hertfordshire, Chartwell Land's Sunderland scheme and British Land's Orbital centre at Swindon in Wiltshire.

Russell said existing out-of-town stores recorded 18 per cent year-on-year sales growth in the third quarter of last year.