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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.
Locked shelves flop says Walgreens CEO as Bay Area stores shutter to save $1B
Walgreens' strategy of locking up merchandise — from deodorants to bags of M&M's — to deter theft has backfired, according to CEO Tim Wentworth.
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 decision to lock up products after reporting a 52% increase in stolen inventory has backfired, according to multiple reports.
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 CEO just now realizes locked shelves were a bad idea
Walgreens’ strategy of locking up merchandise — from deodorants to bags of M&M’s — to deter theft has backfired, according to CEO Tim Wentworth. “It is a hand-to-hand combat battle still, unfortunately,
Walgreens' anti-theft measures hurting profits
Tough times for retailers, who have battled out-of-control shoplifting and now say they’re losing money because of anti-theft measures. FOX 5’s Josh Rosenthal is in Northwest to explain why.
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
10h
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 ...
4d
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 ...
2d
A Walgreens in Quincy will soon close permanently, one of hundreds nationwide
QUINCY − A Walgreens location in the city will close its doors permanently Feb. 27, according to a company spokesperson, ...
1h
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
Police investigate deadly Colerain Township shooting near Popeyes, Walgreens. What we know
Two people were killed and another was critically injured in a shooting in Colerain Township on Thursday afternoon. Here's ...
22h
on MSN
Neighbors say closure of Walgreens in Chicago's Bronzeville neighborhood will disrupt many lives
Walgreens has revealed its five Chicago drugstores that will close next month—and one of those pending closures will be a ...
2h
on MSN
After Crashing 64% in 2024, Can Walgreens Boots Alliance Stock Turn Things Around This Year?
To say that pharmacy retailer Walgreens Boots Alliance (NASDAQ: WBA) has been struggling would be a massive understatement.
MLive
13h
Walgreens pharmacist harassed couple seeking miscarriage medication, Michigan ACLU says
The Lansing pharmacist eventually relented and filled the prescription, the ACLU said, and demands an investigation.
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