British Retailer Boots to Cut 4,000 Jobs

British Retailer Boots to Cut 4,000 Jobs
A general view of a Boots Pharmacy in London, UK, on May 2, 2020. Hollie Adams/Getty Images
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LONDON—British health and beauty retailer Boots plans to cut 4,000 jobs and close 48 optician stores, in the latest major blow to the country’s retail sector from the COVID-19 crisis.

Walgreens Boots Alliance, the owner of the retailer, said on Thursday its most significant COVID-19 impact had come in Britain, with footfall down 85 percent in April, forcing it to take an impairment charge of $2 billion (£1.6 million).