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Walgreens CEO says anti-shoplifting strategy backfired
Walgreens CEO says anti-shoplifting strategy backfired: ‘When you lock things up…you don’t sell as many of them’
Walgreens' CEO talked about the flip side of investing in increased security on 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 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 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: Stopping shoplifting is a "hand-to-hand combat battle"
Walgreens is struggling to deter shoplifting at its stores, according to CEO Tim Wentworth, who described it as "a hand-to-hand combat battle still, unfortunately." Wentworth spoke to analysts during a first-quarter earnings call on Friday,
2d
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 ...
26m
on MSN
On Your Side: Walgreens Savings Club settlement is legit
A few viewers got a notice about the settlement and asked On Your Side if this is legitimate. The notice reads: “This is a ...
15h
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 ...
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 ...
1d
on MSN
‘Random act of violence’ at Walgreens leaves SC man with multiple stab wounds, police say
The suspect was apprehended thanks to a “brave citizen” who disarmed and detained the man until Columbia police arrived.
10h
on MSN
Bets against consumer staples rise in December: Walgreens, Campbell among most shorted
The short-interest on 27 out of 38 consumer staple stocks, that are part of the Consumer Staples Select Sector SPDR Fund ...
2d
on MSN
Walgreens Stock Skyrockets as Turnaround Begins. Is It Too Late to Buy the Stock?
After a dreadful 2024 that saw its stock lose more than 60% of its value, 2025 has started off as a better year for Walgreens ...
6h
Walgreens CEO Admits Locking Items Up Was Bad For Business, Consumers React
Walgreens struggled financially last year, reporting an operating loss of $245 million for the quarter, compared to $39 ...
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