Boots is to shut 300 of its retailers over the subsequent 12 months.

The news comes on the identical day guardian firm Walgreens Boots Alliance reported Boots had "strong" retail gross sales and recorded progress.

While the affected shops haven't been introduced, the corporate stated it can "consolidate" branches which might be shut to one another. Following the closures there will probably be 1,900 Boots branches within the UK.

It is known there are not any "proposed" job losses as employees will probably be supplied work at close by Boots retailers and a overwhelming majority of closing retailers are inside three miles of one another.

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Walgreen Boots Alliance on Tuesday reported Boots had progress of 13.4% within the third quarter of its monetary 12 months, in comparison with the 12 months earlier than, and elevated market share, for the ninth consecutive three month interval.

Overall Boots UK gross sales grew 10.2%. The rise in on-line gross sales outpaced the rise in footfall, signalling a transfer to on-line, away from bricks and mortar retailers.

Sales on Boots.com have been up 25% over a 12 months in the past and accounted for 14% of all retail gross sales. At the identical time footfall elevated 7% from the third quarter final 12 months to this 12 months.

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But the guardian firm did lower its yearly earnings forecast because it stated prospects have been cautious of their spending and are searching for extra worth as a consequence of high inflation.

It is simply over a 12 months since Wallgreens Boots Alliance abandoned plans to promote the UK chain of pharmacies.

Earlier this month Sky News learnt the finance boss of Boots, Michael Snape, resigned in May after slightly below 5 years as chief monetary officer on the Nottingham-based firm.