30/05/2002

Boots in £170m revamp programme

UK high street retailer, Boots is set to spend £170 million in revamping its stores in an attempt to boost sales.

The company plans to introduce a number of new products as well as refurbish 300 stores this year as part of a rolling four-year programme.

The company has come under pressure from rivals recently, particularly the supermarkets, and it is hoping the changes will attract more customers.

Boots made pre-tax profits of £638.7m in the year to March 2002, an increase of 9.9% compared with the previous year.

During the year Boots suspended its loss making ventures the wellbeing channel and bootsphoto.com.

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