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Locked shelves flop says Walgreens CEO as Bay Area stores shutter to save $1B
Walgreens’ strategy of locking up merchandise — from deodorants to bags of M&M’s — to deter theft has backfired, according to CEO Tim Wentworth. “It is a hand-to-hand combat battle still, unfortunately,
Walgreens CEO says locking up products hurt sales
The CEO of Walgreens suggested that placing their products under lock and key may have actually backfired. "When you lock things up … you don't sell as many of them," he said. Walgreens’ plan to combat increasing theft by locking products up at their stores has hurt sales,
Walgreens CEO Says Locking up Items to Deter Theft Not Effective
Some retailers, like Walgreens, report that locking items behind displays to deter shoplifting may not be effective. Walgreens CEO Tim Wentworth recently described theft prevention in stores as an ongoing and challenging struggle.
Walgreens CEO just now realizes locked shelves were a bad idea
Walgreens’ strategy of locking up merchandise — from deodorants to bags of M&M’s — to deter theft has backfired, according to CEO Tim Wentworth. “It is a hand-to-hand combat battle still, unfortunately,
1h
on MSN
Walgreens turnaround continues with 450 stores to be closed this year
Walgreens plans to close 1,200 stores over three years. After 70 closed September to November 2024, 450 more will close in ...
11h
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 ...
6d
on MSN
Walgreens announces it will close 12 stores across San Francisco
Walgreens announced it was closing a dozen stores in San Francisco because of what it called "increased regulatory and ...
3d
Walgreens, Macy’s and Kohl’s to close stores across the Bay Area
Retailers to shutter nearly 20 underperforming locations as part of a national downsizing strategy in the industry.
23h
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.
KTVU FOX 2 San Francisco on MSN
7d
A dozen more Walgreens in the Bay Area closing
A dozen Walgreens in San Francisco will close in February, following some other pharmacy closures in the Bay Area and across ...
17h
on MSN
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 ...
ABC7 San Francisco
7d
These 12 Walgreens stores in San Francisco are closing
SAN
FRANCISCO
(KGO) --
Walgreens
is closing a dozen locations across
San
Francisco
, which could impact access to medicine for residents. A spokesperson for the company confirmed these 12 ...
KTVU FOX 2 San Francisco on MSN
1d
More closures: 2 more Walgreens stores to close in Oakland
Less than a week after Walgreens confirmed the upcoming closure of a large batch of San Francisco locations, KTVU has learned ...
1d
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 ...
STAT
3d
Cigna, Centene, Walgreens drop out of J.P. Morgan conference
Cigna and Centene were among a dozen companies that appeared on the initial JPM agenda that have bowed out of the conference.
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