Boots sales drop as Covid-19 bites

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Sales at historic pharmacy giant Boots fell by 16.7 per cent in the three months to 31 August 2020, new figures have revealed.

According to its parent company, Walgreens Boots Alliance, its Retail Pharmacy International had fourth quarter sales of $2.3bn, a decrease of 14.9 per cent from the year-ago quarter, including a favourable currency impact of 0.5 per cent.

Sales decreased 15.4 per cent on a constant currency basis, mainly due to a 16.7 per cent decrease in Nottingham-headquartered Boots UK sales.

Boots UK comparable retail sales decreased 29.2 per cent on a constant currency basis as footfall in stores continued to be significantly reduced due to Covid-19, particularly in major high street, train station

 link source - Insider Media

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