May 28, 2019
Boots review puts 200 stores at risk of closure
More than 200 Boots stores across the UK could be closed by its American owners Walgreens Boots Alliance in a bid to cut costs. The shops - which are in areas where Boots has more than one store - are under review for possible closure. Boots said it did not have "a major programme envisaged" but was always reviewing "Underperforming stores and opportunities for consolidation." "Long term lack of investment in stores has become more noticeable to shoppers, and Boots' dated approach also extends to pricing, where multi-buy promotions and a generous loyalty scheme have made its shelf edge prices uncompetitive with discounters such as Aldi, Lidl and Savers, who have all been eating into its market share in health & beauty," he said. The review of duplicate stores follows Boots' announcement in February that 350 jobs were at risk in its Nottingham head office, amid plans to reduce costs by 20%.Tough conditions.
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