Menu
14/03/2006
Boots announces plans to cut 2,250 jobs
Health and beauty retailer Boots has announced plans to cut 2,250 jobs from its supply chain operations over the next three years.
The High Street chain is set to build a new £70 million automated warehouse in Nottingham, which will allow the chain to replace 17 regional sites with smaller lorry-docking facilities.
The changes will be implemented within the next three years in order to minimise the number of redundancies through the natural turnover of staff.
Boots said that it would try to redeploy staff where possible.
The retailer also announced a "substantial investment" in 700 of the chain's smaller stores.
The total cost of the changes is expected to amount to around £250 million. It will be funded by the £1.9 billion sale of Boots Healthcare International.
Boots Chief Executive Richard Baker said: "This is a major step forward in our plans to build a better Boots."
Mr Baker said that the smaller stores had been "underinvested". He said: "It is appropriate that we invest in these stores in order to provide the pharmacy-led healthcare role that both we and the government envisage."
The announcement comes after Boots announced a merger with Alliance Unichem. The merger was proposed in the wake of increasing competition from supermarket. The deal would create a business with worldwide sales of around £13 billion and around 26,000 UK outlets.
(KMcA/SP)
The High Street chain is set to build a new £70 million automated warehouse in Nottingham, which will allow the chain to replace 17 regional sites with smaller lorry-docking facilities.
The changes will be implemented within the next three years in order to minimise the number of redundancies through the natural turnover of staff.
Boots said that it would try to redeploy staff where possible.
The retailer also announced a "substantial investment" in 700 of the chain's smaller stores.
The total cost of the changes is expected to amount to around £250 million. It will be funded by the £1.9 billion sale of Boots Healthcare International.
Boots Chief Executive Richard Baker said: "This is a major step forward in our plans to build a better Boots."
Mr Baker said that the smaller stores had been "underinvested". He said: "It is appropriate that we invest in these stores in order to provide the pharmacy-led healthcare role that both we and the government envisage."
The announcement comes after Boots announced a merger with Alliance Unichem. The merger was proposed in the wake of increasing competition from supermarket. The deal would create a business with worldwide sales of around £13 billion and around 26,000 UK outlets.
(KMcA/SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
09 July 2001
BOOTS ANNOUNCES SHARED VENTURE WITH SAINSBURY’S
THE Boots Company and J Sainsbury are to join together in a new venture that could see the high street chemist open outlets within the supermarket chain’s stores.
BOOTS ANNOUNCES SHARED VENTURE WITH SAINSBURY’S
THE Boots Company and J Sainsbury are to join together in a new venture that could see the high street chemist open outlets within the supermarket chain’s stores.
24 September 2009
Waitrose Targets M&S Food
Supermarket chain Waitrose has announced plans to open a network of convenience stores - and to sell Waitrose-branded food in Boots stores. The company has bucked the economic trend and has fared well, despite expectations that it would be hit by the recession.
Waitrose Targets M&S Food
Supermarket chain Waitrose has announced plans to open a network of convenience stores - and to sell Waitrose-branded food in Boots stores. The company has bucked the economic trend and has fared well, despite expectations that it would be hit by the recession.
30 May 2002
Boots in £170m revamp programme
UK high street retailer, Boots is set to spend £170 million in revamping its stores in an attempt to boost sales. The company plans to introduce a number of new products as well as refurbish 300 stores this year as part of a rolling four-year programme.
Boots in £170m revamp programme
UK high street retailer, Boots is set to spend £170 million in revamping its stores in an attempt to boost sales. The company plans to introduce a number of new products as well as refurbish 300 stores this year as part of a rolling four-year programme.
14 November 2016
BCC Announce New Independent Business Support Programme
Belfast City Council have announced a new business support programme, aimed at helping independent retailers in the city with financial management, business planning, visual merchandising, PR, marketing, sales, branding and e-commerce.
BCC Announce New Independent Business Support Programme
Belfast City Council have announced a new business support programme, aimed at helping independent retailers in the city with financial management, business planning, visual merchandising, PR, marketing, sales, branding and e-commerce.
12 August 2016
New Programme Aims To 'Revitalise' Small Independent Retailers
Belfast City Council has announced the launch of its new 'Revitalise' programme, which aims to help small independent retailers enhance their retail skills and increase their business profitability.
New Programme Aims To 'Revitalise' Small Independent Retailers
Belfast City Council has announced the launch of its new 'Revitalise' programme, which aims to help small independent retailers enhance their retail skills and increase their business profitability.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
