Boots could close shops and axe jobs after shock profit warning
BOOTS has warned it could axe jobs and close shops after its US parent company issued a shock profit warning yesterday.
The pharmacy chain's owner Walgreens Boots Alliance revealed it suffered its "most difficult" financial quarter since its foundation five years ago.A profit warning from Boots owner Walgreens Boots Alliance has increased fears that UK jobs will be cut And in a chilling warning, it added that bosses need to take "decisive steps to reduce costs in the UK.".Sals at Boots, which employs 60,000 staff across 2,500 shops in the UK, fell 1.3 per cent in the three months to February.Meanwhile Walgreens, itself a huge US pharmacy brand, said it is struggling to compete against tough competition and falling drug prices.
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