Boots Group Plc continued to see sales drop in the first quarter. The British healthcare and beauty products retailer cited a difficult retail market and said that it saw no signs of improving in the coming months. The Group said in a statement that like-for-like sales had declined 0.8 percent in the quarter ended 30 June, following a drop of 0.9 percent in the fourth quarter of last year.
Total sales climbed 1,5 percent, with Boots saying that its core markets had seen good growth. Pharmacy dispensing volumes rose 5 percent, although results were affected by charges from state subsidies for prescription drugs. “This is a reasonable performance in a tough market, against our strongest period last year. Conditions on the high street are difficult, competition is intense and there is nothing to sugges this will change in the coming months,” Chief Executive Richard Baker said in a statement.
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