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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 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 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 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 CEO says loss prevention caused theft
Walgreens CEO Tim Wentworth tells shareholders that loss prevention by locking up inventory caused increased theft
Walgreens: We Accidentally Proved Locks Are a Dumb Idea
Consider it a simple economic truth, one that ordinary Americans evidently knew long before CEOs: "When you lock things up ... you don't sell as many of them." So declares Walgreens CEO Tim Wentworth,
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 ...
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 ...
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.
17h
on MSN
2 dead, 1 injured after shooting outside Walgreens, Popeyes
Colerain Township police were called to a shooting at the Popeyes and Walgreens on Colerain Avenue, according to our news ...
20h
5 Chicago Walgreens stores to close next month
Five Walgreens stores will shutter their doors in Chicago next month, as part of a nationwide series of closures announced by ...
KWQC
10h
Crime Stoppers: Police search for man who robbed Moline Walgreens
According to Crime Stoppers of the Quad Cities, just before noon a man robbed a Walgreens at 3601 16th Street in Moline.
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 ...
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