Chain Store Bristol Boots at risk

Chain Store Bristol Boots at risk


Shop

Lovers of shopping at Bristol Boots stores will have been alarmed by the recent warning from the chain's owners about the future of the company.

Following a poor financial performance which saw a fall of 14.3% in earnings in the UK compared to the same period of time last year, Walgreens Boots Alliance stated that they had experienced their most difficult quarter ever. The owners of Boots have warned that they will need to make a decisive plan to try and reduce costs in the UK. The company has raised its global planned cost saving for the year by half a billion pounds.

Stores at risk

A Boots spokesperson has stated that the company is embarking on a comprehensive review of all Boots stores in order to look for areas where there could possibly be a consolidation of existing stores. They are also looking to pinpoint stores which are currently not performing well.

Bristol Boots at risk of closure

There are currently 25 Boots stores located in Bristol and although the review is covering the whole country, it is conceivable that some of the 25 Bristol Boots stores may be at risk of closure. With such a large number in Bristol, Boots could also look to consolidate some stores especially as "optimizing its store footprint" has been announced as an objective of the countrywide review. The company has already undergone a minor reshuffling of some stores in the UK with closures already in Hull.

Jobs at risk

The closure of some of the Bristol Boots stores may mean job losses and this will add to the 350 jobs that Boots have already publicly said are at risk in the company's headquarters in Nottingham. USDAW, the union of Shop, Distributive and Allied Workers have asked the owners of Boots to hold talks with them to try and minimise the risk of large job losses.

News written by the team of The-shops.co.uk The-Shops.co.uk

News in the same category

Polo Ralph lauren opens at Norfolk Premium Outlets

Polo Ralph lauren opens at Norfolk Premium Outlets

Since first opening in June 2017, the new Norfolk Premium Outlets mall has quickly established itself as a prime shopping location with a host of well known, top quality brands among the fifty shops that are currently open.

  • Shop
American Madness Shop is finally back to Belfast !

American Madness Shop is finally back to Belfast !

Vintage clothing shop 'American Madness' is to return to Belfast after a 20 year gap. Two sons of John Rogers - the original founder - have just re-launched the store that was first prominent in the early '80s.

  • Shop
First Irish shop for US retailer's Anthropologie in Belfast

First Irish shop for US retailer's Anthropologie in Belfast

If you are a lover of chic, style and elegance than you will love the Anthropologies stores. This brand of stores created to fit that woman who finds it hard to find what she would wear or want to reflect in a world full of trends.

  • Shop
Nottingham: The Treat Kitchen is Closing Down

Nottingham: The Treat Kitchen is Closing Down

It looks as if The Treat Kitchen, situated on Wheeler Gate in Nottingham City Centre is to close down.

  • Shop
Chain Store Bristol Boots at risk
Chain stores related to the news
Boots
  • 2771 store Boots listed
> All news Boots