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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 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 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.
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
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 ...
18h
on MSN
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 ...
10h
on MSN
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 ...
10h
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.
21h
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 ...
6h
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 ...
4h
on MSN
5 Walgreens stores closing on Chicago's South, West sides: 'We need it in our communities'
The locations closing are as follows: - 3405 S. King Drive in Bronzeville - 4005 W. 26th St. in Little Village - 7111 S. Western Ave. in South Shore - 7109 S. Jeffery Blvd. in South Shore - 9148 S.
3d
Can Walgreens Boots Alliance Stock Keep Soaring?
Can Walgreens Boots Alliance stock continue rising, or should investors use the stock's recent gain as an opportunity to exit ...
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 ...
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