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 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 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 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 CEO Admits Locking Items Up Was Bad For Business, Consumers React
Many consumers are using the news as an opportunity to air out their grievances about their Walgreens shopping experiences. “No sh*t. Last week I went to Walgreens to pick up a
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.
Walgreens closing five Chicago stores on South and West sides
Walgreens says it will close five stores on the South and West sides of Chicago next month, drawing criticism from local ...
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 ...
justthenews3h
Walgreens CEO says locking up merchandise harmed sales
"When you lock things up … you don't sell as many of them. We've kind of proven that pretty conclusively," Wentworth said. "I ...
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 ...
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 ...
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 ...
‘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.
Albany (GA) WALB on MSN6h
Walgreens on N Slappey Blvd in Albany closing down
ALBANY, Ga. (WALB) - The Walgreens on 300 North Slappey Blvd. will be closing down. The last day that location will be opened ...
Crain's Chicago Business11h
Walgreens closing five stores across South, West sides
Walgreens plans to close five stores in Chicago's South and West sides, part of a wave of closures as the Deerfield-based ...
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 ...