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Walgreens, Anti-Theft
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 Admits What Many Already Suspected About Anti-Theft Measures
In an earnings call, executive Tim Wentworth conceded that locking products up might not be the best move for boosting sales.
Anti-theft measures cut sales at Walgreens
The Nine: talking about the latest news you're talking about in Detroit and across the country.
Walgreens CEO admits anti-theft measures ‘largely ineffective’: ‘When you lock things up, you don’t sell as many of them’
The top executive at Walgreens lamented the loss of sales from putting items like toothpaste behind lock and key to crack down on rampant shoplifting that has plagued pharmacy chains around the country.
Walgreens closing 5 stores on South, West sides of Chicago
Walgreens to close 5 locations on Chicago's South, West Sides next month
Walgreens will close five locations on the city's South and West Sides in February, impacting people who rely on the stores for medication and other necessities. The closures are part of the first round as Walgreens plans to shut down 12,
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 Walgreens locations will shut down between February 17 and February 27, all of them on the South Side. Here is a list of the stores that will be closing:
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 locations by 2027.
3h
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 ...
18h
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.
8h
Walgreens Is Smarting From Its $200 Million Fight Over a Fridge
A startup promised the pharmacy chain its high-tech coolers would track shoppers and spark an in-store ad revolution.
19h
on MSN
Walgreens says locking up products to prevent shoplifting hurts sales
Keeping products under lock and key dissuaded customers from purchasing them, Walgreens said in earnings call.
1d
on MSN
Why Walgreens Stock Tumbled 64% in 2024
Walgreens' worst day of the year came on June 27, when the stock fell 22% on another disappointing earnings report. This time ...
6d
on MSN
Walgreens tops Wall Street’s expectations as drugstore chain continues turnaround plan
Walgreens booked a better-than-expected fiscal first quarter and gave Wall Street some positive vibes on the drugstore ...
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 ...
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 ...
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