The health and beauty and pharmacy chain is reportedly considering closing more than a whopping 200 stores in just two years.
Its US-based owner Walgreens Boots Alliance (WBA) has placed the hundreds of outlets under review for possible closure, Sky News reports.
It had previously said it was undetaking a review of its Boots The Chemist estate “focusing on low-performing stores and opportunities for consolidation”.
But if the 200-plus closures take place, it would amount to nearly 10% of the chain’s UK health and beauty stores.
An insider claimed some of the affected sites would close at the expiry of their leases, while others would be part of a consolidation in towns which have two separate Boots stores.
Where possible, staff would be redeployed to an area’s existing, or new, store, they added.
Boots is currently one of the largest retailers in Britain by store numbers, employing 56,000 people from 2,485 stores, 618 opticians practices and 503 Hearingcare locations.
The chain saw profits plunge by more than 18% last year as the High Street crisis strengthened its grip.
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