High Street

Boots sales jump 24% in Q3

It comes as owner Walgreens Boots Alliance recently abandoned the proposed £5bn sale of Boots after suitors failed to meet its asking price

Boots has announced like-for-like sales grew by 24%  in the third quarter ending 31 May, while total sales rose by 13.5%, with the company reporting market share gains across “all major categories”.

During the period, footfall increased by 45% compared to the prior year, boosted by “strong performance in flagships and travel locations”.

Meanwhile, its online sales also witnessed a rise, with Boots.com accounting for over 13%
of retail sales versus 6% pre-Covid.

It comes as owner Walgreens Boots Alliance recently abandoned the proposed £5bn sale of Boots after suitors failed to meet its asking price.

Sebastian James, managing director of Boots UK and ROI, said: “The execution of our transformation programme and a sharp focus on expanding our key categories of healthcare and beauty, has driven strong sales and market share growth and further strengthened our position as the UK’s leading health and beauty retailer.

“Significant investment in both our digital platforms and in our stores is expected to drive continued market leading growth.”

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