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Closures

17 results found for: closures

Most pharmacies to be loss-making within four years

Three quarters of English pharmacies are on course to be loss-making in four years unless the sector receives an urgent funding boost, a report finds.

Lloyds to close more stores as online business booms

A "small number" of LloydsPharmacy stores may soon be closed due to the financial impact Covid-19 is having on the business.

Lloyds embarks on restructure with possible redundancies

Hit by rising costs and falling income, LloydsPharmacy has told staff it will soon embark on a restructuring process that could spell redundancies. 

Covid-19: Boots announces further temporary closures

Boots has announced the temporary closure of a further 6 stores in addition to the 60 branches shuttered earlier this month.

COVID-19: What should I do if I have to close?

Legal firm Charles Russell Speechlys advises on what to do if a pharmacy is unable to open due to the coronavirus outbreak.

PSNC: Services suspended to aid COVID-19 response

PQS is to be postponed for at least three months in order to release £18.75m for community pharmacies’ COVID-19 response.

GPhC data points to net rise in pharmacy closures

Figures provided by the regulator suggest there may have been a net decrease of 166 community pharmacies last year.

GP contract ‘bad news for community pharmacy’

The new GP contract is described as placing additional financial stress on the community pharmacy sector.

Is the Government serious about expanding pharmacy’s role?

By Richard Thomas, editor, Pharmacy Magazine Regulation is an expensive business these days, it would appear, if the GPhC’s proposal to raise the annual premises fee by nearly 40 per cent is anything to go by. What caught our eye was a finding buried in the accompanying impact assessment, which suggested that over half the pharmacies in the research sample are operating at a deficit. Confirmation, if any were needed, that the pharmacy sector is “demonstrating a notable fragility” (in the words of Ernst & Young) was provided by a slew of headlines in recent weeks concerning the financial tribulations of Boots, LloydsPharmacy and Pharmacy2U.

Boots has shut 28 stores out of a planned 200

Boots had closed 28 stores out of a planned 200 by the end of November, its parent company has revealed.

Lloyds axes 60 stores due to “exceptionally challenging” year

LloydsPharmacy closed or sold 60 branches last year amid an “exceptionally challenging” business climate.

Pharmacy consolidations rising slowly but steadily

The number of community pharmacies consolidating into a single premises has risen slowly but steadily since 2016.

Boots hit by profits drop – tough UK market to blame

Walgreens Boots Alliance sees a quarterly 20 per cent fall in profits for its retail pharmacy international division.

MP highlights Pharmacy Magazine shortages campaign

Labour MP Holly Lynch urged the pharmacy minister to “get a grip” on the problem of medicine shortages in a parliamentary debate this week.

Lloyds parent company: ‘We believe pharmacies will close’

McKesson UK chief Toby Anderson said the new settlement is “neither as good as we hoped nor as bad as we feared.”

Boots plans to axe over 200 stores

Boots is targeting 200 loss-making pharmacies for closure but locations are yet to be confirmed.

BREAKING: Boots comments on closure reports

Reports that over 200 Boots stores are being considered for closure over the next two years have not been confirmed by the multiple



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