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 don't have anything magnificent to share with you today. It is a hand-to-hand combat battle still,
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.
Anti-shoplifting effort is hurting sales, Walgreens says
Tim Wentworth, CEO of Walgreens Boots Alliance, the parent company of Duane Reade, acknowledged to investors during a Jan. 10 earnings call that the company's asset protection tactic of locking merchandise to prevent retail theft has slowed sales.
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 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.
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 ...
Walgreens closing five stores on South, West sides of Chicago
Walgreens says it will close five stores on the South and West sides of Chicago next month, drawing criticism from local ...
Neighbors decry pending closure of Walgreens in Chicago's Bronzeville neighborhood
The store in the Lake Meadows Shopping Plaza on Dr. Martin Luther King Jr. Drive off 35th Street is one of five Walgreens ...
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 ...
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 ...
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 ...
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.
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A Walgreens in Quincy will soon close permanently, one of hundreds nationwide
QUINCY − A Walgreens location in the city will close its doors permanently Feb. 27, according to a company spokesperson, ...