Boots Latest High Street Chain to Plan Closures

Sat, 29th Jun 2019

In yet another blow to the UK high street, retailer and chemist Boots has announced that it is considering the closure of around two hundred stores over the next two years.

The chemist says that should the closures happen, the overwhelming majority of affected staff will be redeployed to other locations. The closures are expected to be spread out over an 18 month time span, and would mean that around 10 percent of Boots UK’s standalone outlets would be shutting down.

The company is owned by US firm Wallgreen Boots Alliance, and the owner has not confirmed which stores will be closing at this time. The company has just started the review process. Director Sebastian James has stated that the plan is to consolidate local pharmacy stores in areas where there are several branches in close proximity. He added that the company believes that this is a good decision since it will allow for more investment into the staffing of those stores while still maintaining good coverage.

At this time, 90% of the country has good coverage (meaning locations are within a ten minute drive of a Boots branch). There are still plans to open new stores in areas where communities could benefit from an additional branch. Earlier this month a new Covent Garden flagship store was opened, creating 130 new jobs. The closures will focus on lower performance stores, and stores in city centers where there are currently multiple branches close together.

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