Boots is set to close 300 shops across Britain reducing the high street giant’s portfolio to 1,900 stores
- Boots has announced plans to 300 of its high street pharmacy stores across UK
- The company employs around 52,000 people – with thousands of jobs at risk
High street pharmacist and retailer Boots has announced plans to cut 300 stores in a move which will see the number of branches fall from 2,200 to 1,900.
The move is reported to be an effort to increase efficiency by closing stores which are located near to other branches.
The move could place thousands of jobs at risk – the company currently has around 52,000 members of staff
James Kehoem, global chief financial officer at Boots parent company, Walgreens Boots Alliance, told analysts yesterday: ‘We will continue to optimise our locations and opening hours, and expect to close an additional 300 locations in the UK and 150 locations in the US.’
The stores will be closed over the next year, the Sun reports.
The move could place thousands of jobs at risk – the company currently has around 52,000 members of staff.
The company said the closures would be of stores which are currently making a loss.
This is a breaking news story and is being updated.
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