High street pharmacy is cutting 300 stores - and many are set to shut down very soon
In a blow to the High Street Boots announced 300 stores are going to be closing in the near future. The chain has joined host of other retailers including Wilko and Next in announcing shutdowns amid difficult trading conditions.
Boots said there are no proposed redundancies despite the plan, with plans to redeploy affected workers.Upper Warrengate, Wakefield - October 7Guildford Road, Woking - end of OctoberHigh Row, Darlington - November 3Front Street, Prudhoe - no dateThe retailer said that six of the stores are not expected to reach their financial targets.
A Next trading update released on Thursday said: “We expect to close 11 mainline stores this year. Six closures are in locations where we forecast that the store would not achieve our target margin on almost any terms; two closures are due to the site being redeveloped; three further closures are as a result of being unable to agree acceptable new terms with landlords.
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