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Walgreen's 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.
As Walgreens closes more Bay Area stores, CEO says ‘locking things up’ hurts sales
Walgreens is moving forward with plans to close additional Bay Area locations after the company’s CEO expressed concerns over lost sales from locking up items like deodorant and shampoo to combat widespread shoplifting affecting pharmacy chains nationwide.
Anti-shoplifting effort is hurting sales, Walgreens says
One of Walgreen's most visible anti-shoplifting strategies is having unintended consequences. Tim Wentworth, CEO of Walgreens Boots Alliance, the parent company of Duane Reade, acknowledged to investors during a Jan.
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 ...
6d
on MSN
WBA soars: Walgreens stock up 25% on earnings despite store closures, as investors hope the worst is over
Walgreens stock is up as the long-struggling chain reported better-than-expected revenue for its Q1 2025, although operating ...
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 ...
18h
on MSN
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.
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