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Walgreens says locking up products from shoplifters hurt sales
Keeping products under lock and key dissuaded customers from purchasing them, Walgreens said in earnings call.
Walgreen's 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 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
As Walgreens closes more Bay Area stores, CEO says ‘locking things up’ hurts sales
Walgreens is moving forward with plans to close additional Bay Area locations after the company’s CEO expressed concerns over lost sales from locking up items like deodorant and shampoo to combat widespread shoplifting affecting pharmacy chains nationwide.
Anti-shoplifting effort is hurting sales, Walgreens says
One of Walgreen's most visible anti-shoplifting strategies is having unintended consequences. Tim Wentworth, CEO of Walgreens Boots Alliance, the parent company of Duane Reade, acknowledged to investors during a Jan.
53m
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 ...
2h
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 ...
4h
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 ...
1d
on MSN
Why is Walgreens closing so many stores? What to know as 5 Chicago locations shutter
The Deerfield-based pharmacy giant plans to close as many as 1,200 in the coming years, with 5 Chicago stores on the latest ...
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 ...
19h
Two Walgreens stores set to close in Oakland
Two Walgreens stores are closing in Oakland next month, the pharmacy store confirmed to KRON4. The locations that will shut ...
12h
on MSN
5 Walgreens stores closing on Chicago's South, West sides: 'We need it in our communities'
The locations closing are as follows: - 3405 S. King Drive in Bronzeville - 4005 W. 26th St. in Little Village - 7111 S. Western Ave. in South Shore - 7109 S. Jeffery Blvd. in South Shore - 9148 S.
1d
on MSN
A Walgreens in Quincy will soon close permanently, one of hundreds nationwide
The North Quincy Walgreens located at 324 Hancock St. will permanently close on Feb. 27 due to adverse business conditions.
1d
on MSN
Walgreens closing one of its Tallahassee locations
Nine Walgreens locations operate in Tallahassee. In 2017, Walgreens closed its location at Tennessee and Monroe streets — one ...
3d
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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