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Boots considering plans to close up to 200 of its UK stores

Discussion in 'General Discussion' started by chaparral, May 29, 2019.

  1. chaparral

    Capodecina

    Joined: Nov 27, 2005

    Posts: 20,839

    It not looking good for Boots now..:(

    https://www.msn.com/en-gb/money/bus...oss-uk-reports-say/ar-AAC253s?ocid=spartandhp
     
  2. Rroff

    Man of Honour

    Joined: Oct 13, 2006

    Posts: 68,910

    I wondered how long they could weather the prices other places were managing. Shame.

    Also some places seemed to have managed some dubious exclusives (or seemingly just bought up all the stock so as to control prices maybe) on stuff Boots used to stock so that you had to go elsewhere :|
     
  3. JAYZ303

    Gangster

    Joined: Aug 27, 2016

    Posts: 102

    So many big chains struggling at the minute.
     
  4. ukxenon

    Hitman

    Joined: Jun 19, 2009

    Posts: 907

    i am not surprised more and more big chains are struggling ....it is cheaper to shop online than go to the stores
     
  5. Hagar

    Sgarrista

    Joined: Mar 1, 2010

    Posts: 8,513

    Location: Prev. Nkata Cheshire

    It is cheaper to use other high street sellers of toiletries as well, Savers, Home Bargains etc. Boots have too many outlets in some areas on top of this.
     
  6. robj20

    Sgarrista

    Joined: Apr 9, 2007

    Posts: 8,841

    Too many highstreet stores bury their heads in the sand.
    Adapt or die.
     
  7. Efour

    Caporegime

    Joined: Sep 8, 2005

    Posts: 25,868

    Location: Norrbotten, Sweden.

    Boots have a decent online presence. I think that Renting a huge building and paying 100 staff per locale is the real killer.
    When you are making 3% to 5% profit per sale.

    Its just impossible to turn a profit tbh.
     
  8. robj20

    Sgarrista

    Joined: Apr 9, 2007

    Posts: 8,841

    Can't even remember the last time i used a Boots.

    Supermarket, Bodycare are far cheaper.
     
  9. A2Z

    Sgarrista

    Joined: May 9, 2005

    Posts: 8,191

    Location: London

    Sad news, use Boots all the time for my toilet stuff, normally there is some sort of deal on.

    Always handy for a quick meal deal as well, especially when you know the time they reduce everything to 50p.
     
  10. jsmoke

    Sgarrista

    Joined: Jun 17, 2012

    Posts: 9,131

    Suprised the've lasted this long, their pharmacy is a pull but their prices have always been steep and with online shopping they're doomed.

    Only supermarkets, coffee shops, pound shops and charity shops left.
     
  11. roadie

    Mobster

    Joined: May 22, 2003

    Posts: 2,691

    Location: Hampshire

    They have two on my small Hampshire town's high street so one of those wouldn't be too much of a loss.
     
  12. 413x

    Capodecina

    Joined: Jan 13, 2010

    Posts: 19,225

    Location: Cardiff

    Surprised they aren't gone already.
    Only ever get stuff like this from supermarkets or online.
     
  13. JoeF1

    Mobster

    Joined: Jun 12, 2012

    Posts: 3,923

    Location: West Yorkshire

    Don't really use boots throughout the year. Its Christmas when we will miss it the most with the 3 for 2 deals.
     
  14. Nitefly

    Man of Honour

    Joined: Sep 24, 2005

    Posts: 32,481

    Sad :(

    I always found boots competitively priced for most things. Not sure I have ever gone in there and thought ‘hmm this is expensive’. That’s only really buying nick-nacks, medicine and sun cream though.

    I think people are prepared to spend a little more on a local shop to support the business but unfortunately nobody cares in the same manner for big brands... until they are gone :/
     
  15. robfosters

    Caporegime

    Joined: Dec 1, 2010

    Posts: 34,890

    Location: Welling, London

    Don’t use boots either, it’s ridiculously expensive.

    I’ve never been one for spending money on washing stuff. When I need it, i just go in savers and pick up shower gel, shampoo, deodorant, toothpaste and shaving foam for about a fiver. Job done.
     
  16. 200sols

    Mobster

    Joined: Jan 14, 2018

    Posts: 4,420

    Location: Hampshire

    They inflate the prices so you think your getting a good deal, reality is you could buy the 3 items cheaper elsewhere anyway.
     
  17. Semple

    Soldato

    Joined: Mar 5, 2010

    Posts: 6,510

    The problem for a lot of the bigger chains is that over the decades they grew floor space by opening more and more shops. In some places there are 2 or even 3 boots stores within a 10-15 minute walk.

    10-15 years ago that might not have been much of a problem. But now there's more competition, big chains need to start looking at closing stores that don't make them any money. Otherwise it's almost like a debt that spirals out of control - and very quickly.
     
  18. Snookums

    Mobster

    Joined: Mar 27, 2013

    Posts: 3,378

    Location: Nottingham

    its a shame, living in nottingham and boots being founded here there is quite a few in the area. We have a massive one 2 minutes down the road from us and never had an issue with prices really.

    A bit of a weird one but they also offer one of the best meal deals :p
     
  19. SeatIbiza

    Wise Guy

    Joined: Jan 21, 2008

    Posts: 1,152

    Location: Cotswolds

    The real killer, that nobody has mentioned, is the crippling business rates. The one here (in Cirencester) has an RV of £147,000 so they're paying about £70,000 a year in rates plus their rent and other bills. Times £70k x 200 store closures (I just checked the one in Sutton, Surrey - RV is a huge £347,500 so about £175k payable...) and you've just saved £14m a year on tax based on just £70k payable. Plus rent, wages, pensions etc. The savings are probably £100m+ a year...seems a sensible no brainer to me especially in places that, for some reason, have multiple stores on the same high street.

    This is why HoF and many others are going, or have gone, belly up and the government simply aren't listening. Business rates are a hustle that needs controlling better as it's simply crippling the high streets...the sad thing is, every shop that closes is turning into either another damn charity shop (who are rates exempt) or another overpriced pretentious coffee shop which isn't needed.
     
  20. Maccy

    Commissario

    Joined: Nov 23, 2004

    Posts: 36,610

    Location: Herts

    A big shame, the one at Euston station closed a couple of weeks ago and that was always busy.

    Surprised WHSmith is still going.