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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 reveals anti-theft measures of locking up products had the opposite effect
CEO Tim Wentworth admitted in a recent fiscal report call that combatting shoplifting by locking up items has led to customer dissatisfaction.
Walgreens Says Its Strategy to Prevent Shoplifting Has Backfired
Walgreens has come to find out that both shoplifters and customers are turned off when items are locked away. In an earnings call on Tuesday, the drug store’s CEO Tim Wentworth blamed declining sales on locked up items: “When you lock things up
Walgreens CEO admits downside to locking up items
Many retail stores across the Bay Area have turned to locking up commonly stolen items to prevent against shoplifting. But there is a downside to that tactic, Walgreens CEO Tim Wentworth said. “When you lock things up,
23h
on MSN
Walgreens closing five stores on South, West sides of Chicago
Walgreens says it will close five stores on the South and West sides of Chicago next month, drawing criticism from local ...
5h
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 ...
3d
Walgreens Pharmacy Strength And CEO Comments Toss Cold Water On Private Equity Deal
Walgreens improving pharmacy business and comments from the company’s CEO are convincing Wall Street that the drugstore won't ...
9h
Walgreens branches closing soon in California: Complete list and closing date
Walgreens announced it was closing around 500 locations this year, and there are a dozen branches that will soon be shuttered ...
1d
on MSN
Why is Walgreens closing so many stores? What to know as 5 Chicago locations shutter
The Deerfield-based pharmacy giant plans to close as many as 1,200 in the coming years, with 5 Chicago stores on the latest ...
17h
on MSN
5 Walgreens stores closing on Chicago's South, West sides: 'We need it in our communities'
The locations closing are as follows: - 3405 S. King Drive in Bronzeville - 4005 W. 26th St. in Little Village - 7111 S. Western Ave. in South Shore - 7109 S. Jeffery Blvd. in South Shore - 9148 S.
Time Out
3h
Walgreens is closing 5 stores in the Chicago area next month
Back in October, Walgreens announced the closure of 1,200 unprofitable stores around the U.S. In Chicago specifically, five ...
6d
Walgreens Reports $265 Million Loss And Sees Progress On Turnaround
Walgreens reported a $265 million quarterly loss while citing what the company’s chief executive called “early progress” en ...
4d
Can Walgreens Boots Alliance Stock Keep Soaring?
Can Walgreens Boots Alliance stock continue rising, or should investors use the stock's recent gain as an opportunity to exit ...
6h
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 ...
Hosted on MSN
20h
Is Walgreens Stock a Buy Thanks to Its Fat 9% Dividend Yield?
Walgreens Boots Alliance (WBA) stands at a pivotal moment as 2025 begins. It is drawing intense investor scrutiny after ...
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