The boss of Boots says no-one will lose their jobs despite an announcement that will see the loss of 300 stores. The company released its latest financial results on Tuesday (June 27), which showed retail sales growing by 13% and a ninth consecutive quarter of market share growth.
But the company behind Boots, the Walgreens Boots Alliance, said in its earnings call on Tuesday that the company would be closing 300 stores over the next twelve months. This will still leave 1,900 stores across the UK. No redundancies are being proposed as a result.
Despite the store closures announcement, Seb James, the Managing Director of Boots UK and ROI, said the overall results were a positive for the company. Mr James said: "Our focus on offering our customers the best in healthcare and beauty, together with a continued commitment to great value, has been well received, and it is lovely to see more people choosing to shop with Boots.
