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PRIVACY
Retail & Consumer

Investment is key to make Boots fit for the modern retail market, says MD

Parent company Walgreens Boots Alliance recently reported the most challenging quarter in its history

CEO of Boots º£½ÇÊÓÆµ, Seb James pictured during interview at Boots Headquarters in Nottingham.(Image: Nottingham Post)

Sebastian James is excited by the task of revolutionising Boots in the º£½ÇÊÓÆµ.

The Nottingham-born health and wellness brand has endured tough trading conditions over the last few years and parent company Walgreens Boots Alliance revealed recently it would be looking at poor-performing stores.

Mr James, who took on his role at Boots º£½ÇÊÓÆµ last year, is under no illusions he faces a big task to make the company fit for 21st century shoppers.

And in a the former Dixons Carphone CEO admits Boots º£½ÇÊÓÆµ will need to move “more quickly” to adapt to market changes in the future - and major investment needs to be made.

He is, however, confident improvements can - and will - be made as he outlined his vision to regenerate the company’s physical stores, its online presence and reclaim its status as the place to go for wellness, beauty and pharmacy products.

He said: "In a world where Boots has been around 170 years, I think it is very easy to fall into a pattern that says we are going to do the same thing this year as we did last year and that should be OK. Those days are over.

"We could rise and fall with the markets - and the market's in decline at the moment - but I think our best opportunity now is to continue to invest hard in the stores, in digital, in pharmacy and our dot com presence where we are doing lots of exciting things and growing very fast.

"These are things we must embrace and love if we are going to adapt and be a modern retailer and we are quite a long way from that today."