The Pharmaceutical Journal
Vol 269 No 7224 p705
16 November 2002

This article
Reprint
Photocopy

News summary

Related websites
Boots (www.boots-plc.com)

Boots seeks further £100m in cost cuts

The Boots Co Plc is seeking to make cost savings of more than £100m in non-store operations over the next two-and-a-half years. Savings will be invested in price cuts, store refurbishment and new products. It is also reviewing its wellbeing services.

Boots announced pre-tax profits of £253m for the six months to 30 September on a turnover of £2.62bn. Sales at Boots The Chemists were up 3.8 per cent at £1.99bn, a 3.3 per cent increase on a like-for-like basis. Health sales increased by 6.6 per cent and dispensing sales by 9.5 per cent.