British retailer Boots to cut 4,000 jobs

Walgreens Boots Alliance, the owner of the retailer, had footfall down 85% in April, forcing it to take an impairment charge of $2 bn, 48 Boots optician stores shut

Kate Holton (with inputs from Reuters)
Updated9 Jul 2020, 05:19 PM IST
Boxes of face masks sit in the window of a Boots pharmacists, operated by Walgreens Boots Alliance Inc, in Norwich, UK (Photo: Bloomberg)
Boxes of face masks sit in the window of a Boots pharmacists, operated by Walgreens Boots Alliance Inc, in Norwich, UK (Photo: Bloomberg)(Bloomberg)

British health and beauty retailer Boots plans to cut 4,000 jobs and close 48 optician stores, in the latest major blow to the country's retail sector from the COVID-19 crisis.

British brands including John Lewis and Harrods have announced thousands of job cuts in the last two weeks after the pandemic forced customers to shop online and many remained reluctant to return to the high street even as restrictions eased.

Walgreens Boots Alliance, the owner of the retailer, said on Thursday its most significant COVID-19 impact had come in Britain, with footfall down 85% in April, forcing it to take an impairment charge of $2 billion.

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First Published:9 Jul 2020, 05:19 PM IST
Business NewsCompaniesNewsBritish retailer Boots to cut 4,000 jobs

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