Boots
This coverage focuses on Boots’ operations and strategy within the UK retail and pharmacy landscape. Reporting highlights store developments, financial performance, leadership changes, healthcare initiatives, and marketing campaigns. With analysis of how Boots balances retail and health services, the insights support managers and executives evaluating its market position and strategic direction.
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Jul- 2020 -28 JulyPeople Moves
Walgreens Boots Alliance CEO to exit
Walgreens Boots Alliance CEO Stefano Pessina has revealed plans to step down from the position. The board of directors said they will begin a search for a new CEO, and at the time of this appointment, Pessina will assume the role of executive chairman. At the same time, James Skinner…
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20 JulyCoronavirus Featured Content
Post-lockdown: keeping business afloat
Lawyers predict that 1 in 10 SMEs is set to collapse post-lockdown. This harsh reality means burying heads in sand is not an option and steps – some difficult – must be taken sooner rather than later to protect against the looming slump. Recent news that household names such as…
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20 JulyCoronavirus
Harvey Nichols warns staff of redundancies
Harvey Nichols has reportedly warned staff they may be facing a slew of redundancies in the wake of coronavirus. According to the Times, chief executive Manju Malhotra warned “there may be staff redundancies at all locations” in an email sent to 1,500 staff, adding that the crisis would “change the…
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20 JulyCoronavirus
‘Hundreds’ of jobs to be axed at M&S
Marks and Spencer is expected to announce a raft of job cuts this week, becoming the latest high street casualty in the wake of Covid-19. According to Sky News, the retailer will unveil its widespread redundancy plan “within days”, with hundreds of jobs expected to be axed. It comes as…
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10 JulyPeople Moves
Alex Russo appointed B&M CFO
Discount retailer B&M has appointed Alex Russo as CFO and executive director, with effect from 16 November 2020. Further to the announcement made on 3 March 2020, Russo will join the company as the CFO designate on 5 October 2020. He succeeds Paul McDonald, who will retire from the board…
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9 JulyHigh Street
Boots set to slash 4,000 jobs
Boots is reportedly set to slash almost 4,000 roles as it seeks to restructure its head office and store teams. The company said it is “moving swiftly” to address the impact of Covid-19 on the Boots business by accelerating its transformation plan. The proposed plan included a reorganisation of the…
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Jun- 2020 -22 JuneHigh Street
Mothercare seeks new lenders amid franchising plans
Mothercare has confirmed it remains “on track” to become a “profitable” international franchise operation, with plans to operate in around 40 international territories. In its latest update, the retailer confirmed that discussions are ongoing with existing franchise partners in efforts to “establish a more sustainable and less capital-intensive business” going…
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Apr- 2020 -30 AprilPeople Moves
BRC appoints Tony DeNunzio as new chairman
Tony DeNunzio CBE has been appointed as chairman elect of the British Retail Consortium (BRC). He will succeed Richard Pennycook whose tenure comes to an end on 20 May 2020. DeNunzio has over 25 years’ experience in the retail industry both in the UK and internationally. His experience covers the…
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3 AprilHealth & Beauty
Boots reports 18% decrease in operating income amid Covid-19 virus outbreak
Health and beauty retailer Boots has reported a 18.7% decrease in operating income to $1.2bn (£973m) as a result of the Covid-19 virus pandemic. In its six months to 29 February, Boots reported its sales increased by 3.7% to $35.8bn (£29.1bn), as operating income decreased by 12% to $1.7bn (£1.38bn).…
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Mar- 2020 -30 MarchCoronavirus
Boots and Amazon boost Covid-19 testing for NHS staff
Boots and Amazon are among the retailers who have been called on by the government to help boost testing capacity for frontline NHS staff. It comes as dozens of universities, research institutes and companies across Britain are lending their testing equipment to three new hub laboratories which will be set…
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