Boots in the UK is set to close 300 stores across the country over the next year, according to the Sun, and as reported by C D.
Boots has not confirmed the locations of the 300 stores reported to close but it has indicated that they are locations that are near another branch.
These closures will bring the group's portfolio from approximately 2,200 branches to around 1,900.
Global Chief Financial Officer at Boots parent company Walgreens Boots Alliance James Kehoe shared that the group "will continue to optimise our locations and opening hours".
The group "expects to close an additional 300 locations in the UK and 150 locations in the US," he said.
Boots also told C D that there will be no impact on pharmacy roles or other store roles, with full deployment opportunities for impacted team members.
The announcement also explained that "evolving the store estate in this way allows Boots to concentrate its team members where they are needed and focus investment more acutely in individual stores with the ambition of consistently delivering an excellent and reliable service in a fresh and up-to-date environment".
The above article was sent to subscribers in Pharmacy Daily's issue from 28 Jun 23
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