Profits from Boots’ UK stores slumped by almost a fifth last year as sales fell at Britain’s largest chain of chemists.
Boots UK, which is owned by the US company Walgreens Boots Alliance, reported profits of £317m in 2018, a fall of 18.3% compared with 2017, according to its latest accounts.
Revenues fell by 2.3% to £6.8bn as the company struggled, alongside other high street chains, with increased competition online.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
Majority of boroughs did not start a single residential development in the first quarter of this year
The deals at Korol’s Mansel Court set a fresh benchmark at £56.50 per sq ft
Theo Plowman to join housing association
The consultancy reports double-digit earnings growth in Q1 2025
