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Walgreens, Anti-Theft
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 decision to lock up products after reporting a 52% increase in stolen inventory has backfired, according to multiple reports.
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.
Anti-theft measures cut sales at Walgreens
The Nine: talking about the latest news you're talking about in Detroit and across the country.
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.
14m
on MSN
Officials: 2 dead, 3 injured in shooting outside a Popeyes and Walgreens in Colerain Township
The three injured victims were taken to the University of Cincinnati Medical Center, with one in critical but stable ...
4h
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 ...
4h
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 ...
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 ...
15m
Walgreens Regrets Replacing Fridge Doors With Smart Screens, Creating Techno-Dystopia Vibes
Turns out putting everything behind locked glass and ad-covered screens does not create a welcoming shopping environment.
2h
5 Chicago Walgreens stores to close next month
Five Walgreens stores will shutter their doors in Chicago next month, as part of a nationwide series of closures announced by ...
19h
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.
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 ...
20h
on MSN
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.
9h
Walgreens Is Smarting From Its $200 Million Fight Over a Fridge
A startup promised the pharmacy chain its high-tech coolers would track shoppers and spark an in-store ad revolution.
Time Out
1h
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 ...
7h
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 ...
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