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 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 locking up products to prevent shoplifting hurts sales
Keeping products under lock and key dissuaded customers from purchasing them, Walgreens said in earnings call.
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 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.
MLive4m
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.
Officials: 2 dead, 3 injured in shooting outside Colerain Township Popeyes and Walgreens
Police are on the scene of a shooting in Colerain Township that left two dead and three injured Thursday afternoon, according ...
Walgreens closing 5 Chicago stores next month
Walgreens is closing five stores in Chicago next month as part of its strategy to revitalize its struggling business. Last ...
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 ...
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 ...
Triple-shooting in Walgreens, Popeyes parking lots prompt Colerain police response
The shooting happened in the parking lots of Walgreens and Popeyes on the corner of Colerain Avenue and Springdale Road, according to the Colerain police public information officer. “There is no ...
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 ...
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 ...
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 ...