The US owner of pharmacy chain Boots has warned of possible store closures in the UK as it tries to cut costs.
Walgreens Boots Alliance said it would take decisive steps to reduce costs as part of a company-wide significant restructuring.
Chief executive, Stefano Pessina said the move comes after the Company said it suffered its most difficult quarter, since the firm’s formation, with UK like-for-like sales down by 2.3%.
The chain has 2,485 stores across the UK, employing about 56,000 staff.
The firm said a store portfolio review is under way across the global business and there are no plans for major reductions since it has been able to maintain its market share in the most recent quarter.
