Walgreens CEO says loss prevention prompted theft


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We’ve all been there. We stroll right into a drug retailer to get a excessive fructose corn syrup beverage and few private gadgets and find yourself within the retailer for an hour ready for an overworked, underpaid, and extremely unmotivated worker to unlock the plastic jail the place the razors, deodorant, and laundry detergent are incarcerated. It’s annoying, pointless, and sort of makes you’re feeling like, “Do they suppose I’M a shoplifter?”

Miami Beach, Florida, Walgreens Pharmacy, over the counter medication, medication, Zegerid Omeprazole Prilosec, anti-acid locked up

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Nicely, the CEO of Walgreens not too long ago admitted that this determined and dastardly company try to safeguard stock has backfired on them so badly that 1,200 shops should shut their doorways for good by 2027. In accordance with DailyMail, Tim Wentworth shocked shareholders when he informed them that their safety try result in a 52% enhance in theft. Wentworth added that not solely is theft up however gross sales are down. Manner down.

“Once you lock issues up … you don’t promote as a lot of them. We’ve sort of confirmed that fairly conclusively,” Wentworth admitted.

A number of shops within the Bay Space, Oakland, San Francisco, and Richmond, are all set to shut on the finish of the month. Fairly shi**y that such a foul coverage resolution goes to value staff their paychecks.



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