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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.
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 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 says locking up products hurt sales
Walgreens started placing some products under lock and key in response to a rise in shoplifting and other retail theft. In November, San Francisco police said they
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.
2h
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 ...
1h
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 ...
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 ...
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 ...
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 ...
6h
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 ...
4h
Walgreens closing 5 locations on South, West Sides
The closures are part of the first round, as Walgreens plans to close 12,000 stores in the next three years. A Philadelphia ...
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