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Boots, withdraws from the pharmacy market in 3 years

By Kim JiEun | translator Choi HeeYoung

20.04.06 12:20:16

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Walgreens Boots Alliance & E-Mart entered the H&B store market in 2017

Business collapsed due to sluggish profitability, 33 stores closed in sequence

The first branch, closed on the 5th, couldn't end the contract period and closed


'Boots', which opened ambitiously in Korea, claiming to be a premium health & beauty store, eventually withdrew their business after failing to overcome the continuing sluggish profitability.

According to the industry on the 6th, the company recently decided to withdraw its entire business and closed the recently opened stores.

In 2017, E-Mart received a lot of attention in the H&B market as it landed in Korea by exclusively contracting with Walgreen Boots Alliance, the UK's No.1 H & B store company.

In addition to opening and operating 33 stores only in the year of landing in Korea, it was also differentiated from existing H & B stores based on ¡°Premium¡±.

Kim JiEun(bob83@dailypharm.com)
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