Things are just not going right at Boots. It might have taken on ex Asda man, Richard Baker, in an attempt to reverse its fall, but, in the UK especially, things seem to just keep going downwards.
Profits from the last six months were down 9.6% to £163mn, while like for like sales were down 1.3%.
Mr Baker said “Like-for-like sales in the first half are below the rate planned for the full year and the market is expected to remain similarly tough through the rest of the year.”
Next year the company is merging with Alliance Unichem. With a greater presence in the convenience shopping market- a haven relatively safe from the likes of Tesco, Alliance UniChem has been growing while Boots has been stagnating.
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