Boots plans to let out excess store space to other retailers |
|
|
Published
:
Thu, 30 Jun 2005 19:35
|
LONDON: Britain's No 1 health and beauty products vendor Boots Plc is planning to let out space in excess of its use in some of its major stores in high street locations. The company is inviting retailers, specifically in the clothing business and, service providers to make use of the facility, reveals the company's chief executive Richard Baker.
The company occupies large spaces in majority of its stores and in most cases its requirements take up about four-fifth of the floorspace. The rest can be let out. Baker did not reveal details of any deals, including financial arrangements.
He said the company may consider extension of agreements it has with companies making use of its website to sell products -- refrigerators and books, for example.
The company had done a pilot scheme allowing a Travelex money exchange bureaus to operate from some of its shops.
A company spokesperson said no deal has been concluded so far. He added that the company has centrally located sites where it gets some 19 million customers a week. There is scope for other retailers to hire this space and take advantage of the large clientele visiting these sites.
Boots had acquired large spaces in the 1970s when it had plans to become a department chain. Apart from its traditional items, it also sells products like food processors and kitchenware in some of its large stores.
|
|
|
|
|
|
Print this Story
