Boots owner announce plan to close another US 1,200 shops

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Boots owner announce plan to close another US 1,200 shops
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It comes as the High Street chemist has almost completed closing 300 branches

Boots has posted stronger sales as its parent firm revealed mass store closures across the US. US-based owner Walgreen Boots Alliance said it will shut 1,200 US stores over the next three years after losses widened for the past year.

The pharmacy and retail business will have around 1,900 stores after the closures are completed. Boots UK revealed on Tuesday that total sales grew by 2.3% over the fourth quarter as it was affected by its shrinking store estate. Boots UK said comparable retail sales were 6.2% higher for the quarter, driven by skincare and premium beauty products. It said stores also witnessed a jump in sun-care sales, with its own label Soltan range witnessing 20% growth against the same quarter a year earlier.

Mr James said: “We have delivered a 14th consecutive quarter of market share growth and are seeing positive momentum across the whole business, with healthcare now performing strongly alongside our innovative beauty business.

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