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Retire and - never mind university - somehow opens pharmacy (4,2,4,5)

Ross

I believe the answer is:

hang up ones boots

I'm a little stuck... Click here to teach me more about this clue!

'pharmacy' is the definition.
I know nothing about this answer so I can't tell whether it can be defined by this definition.

'retire and never mind university somehow opens' is the wordplay.
I cannot quite understand how this works, but
'and' could be 'n' (common abbreviation for 'and') and 'n' is found in the answer.
'university' could be 'u' (abbreviation for university) and 'u' is found within the answer.
an anagram of 'opens' is 'pones' which is located in the answer.
This may be the basis of the clue (or it may be nonsense).

Can you help me to learn more?

I've seen this clue in The Guardian.
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