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Walgreens CEO on shoplifting strategy: 'Lock things up ... you don't sell as many'
Retailers have been faced with increases in shoplifting and retail theft. But anti-theft prevention can hurt retail sales, says the CEO of Walgreens.
Walgreens CEO says locking up products hurt sales
Walgreens’ plan to combat increasing theft by locking products up at their stores has hurt sales, the company’s CEO said in a recent earnings call.
Walgreens CEO Admits Locking Up Products Had Negative Effects
Despite efforts to prevent retail theft, Walgreens reported a 32% in "shrink," or a loss of inventory that can’t be accounted for through sales.
Walgreens CEO Admits Locking Items Up Was Bad For Business, Consumers React
Many consumers are using the news as an opportunity to air out their grievances about their Walgreens shopping experiences. “No sh*t. Last week I went to Walgreens to pick up a
2h
Walgreens challenges DEA restrictions on opioids dispensing
Walgreens has sued the U.S. Drug Enforcement Administration alleging that it has unlawfully adopted new policies designed to ...
16h
Walgreens closing 5 stores on South and West sides
Walgreens will close five Chicago stores next month, part of the Deerfield-based pharmacy chain’s plan to shutter 1,200 ...
1d
on MSN
Walgreens used this strategy to reduce theft. Turns out, it was bad for business
Over the years the pharmacy chain used strategy to combat shoplifting. Walgreens CEO Tim Wentworth said the company’s ...
2d
Walgreens closing one of its Tallahassee locations
Nine Walgreens locations operate in Tallahassee. In 2017, Walgreens closed its location at Tennessee and Monroe streets — one ...
41m
on MSN
Police investigate deadly Colerain Township shooting near Popeyes, Walgreens. What we know
No arrests have been reported. The shooting, first reported just before 1 p.m., drew a large police presence to ...
4h
More Walgreens closing. Where in Florida and what to know about your prescriptions
More Walgreens locations have closed or are closing — including one in Florida — as part of the company's plans to shutter ...
7h
on MSN
Walgreens replaced its refrigerator doors with digitized ad-laden glass. It might become a $200 million debacle
Cooler Screens shut down access to hundreds of the digitized fridge doors, which Walgreens claims affected sales.
1h
Walgreens will shutter a Florence store, part of broader closures. Here's why.
A pharmacy location near downtown Florence, Five Points, Timrod Park, is permanently shutting down. It will move ...
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