Boots to Close 300 Stores Due to Strong Retail Sales and Growth

The affected stores have not been announced, but it is expected that staff will be offered work at nearby Boots shops.

The company reported a 13.4% growth in the third quarter of its financial year and a 10.2% increase in overall UK sales, with online sales outpacing footfall.

Walgreens Boots Alliance reported that customers were cautious in their spending and looked for more value due to high inflation, but it did not disclose the exact reason for the closure of the stores.

In the past year, the company abandoned plans to sell the UK chain of pharmacies, and earlier this month, the finance boss of Boots, Michael Snape, resigned after nearly five years in the position.