Trading will remain "challenging", Boots said
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High Street retailer Boots, soon to be merging with Alliance Unichem, has reported better-than-expected fourth-quarter sales growth.
The pharmacy chain said sales in the final quarter were up 3.3% percent with like-for-like growth of 2.2%.
In the previous quarter, like-for-like sales had dropped by 0.7% and were down 0.2% for the whole year.
But Boots warned the retail environment remained tough and said it planned to cut about 8% off 1,000 prices.
Behind the revival in sales growth was "increased focus" and investment in the "Building a Better Boots" campaign.
It also reported an encouraging performance in its health and beauty businesses.
"In what has been a tough trading environment we have performed solidly in our fourth quarter," said chief executive Richard Baker.
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