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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 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 downside to locking up items
Many retail stores across the Bay Area have turned to locking up commonly stolen items to prevent against shoplifting. But there is a downside to that tactic, Walgreens CEO Tim Wentworth said. “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.
3h
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 ...
4h
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 ...
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 ...
Time Out
32m
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 ...
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 ...
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 ...
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 ...
21h
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 ...
14h
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.
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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