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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 recent earnings call.
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 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.
Walgreens Says Its Strategy to Prevent Shoplifting Has Backfired
Walgreens has come to find out that both shoplifters and customers are turned off when items are locked away. In an earnings call on Tuesday, the drug store’s CEO Tim Wentworth blamed declining sales on locked up items: “When you lock things up
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 there is a downside to that tactic, Walgreens CEO Tim Wentworth said. “When you lock things up,
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
1d
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 ...
6d
Walgreens Reports $265 Million Loss And Sees Progress On Turnaround
Walgreens reported a $265 million quarterly loss while citing what the company’s chief executive called “early progress” en ...
6d
on MSN
Walgreens tops Wall Street’s expectations as drugstore chain continues turnaround plan
Walgreens booked a better-than-expected fiscal first quarter and gave Wall Street some positive vibes on the drugstore ...
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