Walgreens used this strategy to reduce theft. Turns out, it was bad for business
Over the years the pharmacy chain used strategy to combat shoplifting. Walgreens CEO Tim Wentworth said the company’s decision to lock up products after reporting a 52% increase in stolen inventory has backfired, according to multiple reports.
The top executive at Walgreens lamented the loss of sales from putting items like toothpaste behind lock and key to crack ...
Walgreens is struggling to deter shoplifting at its stores, according to CEO Tim Wentworth, who described it as "a ...
"When you lock things up … you don't sell as many of them. We've kind of proven that pretty conclusively," Wentworth said. "I ...
Walgreens’ plan to combat increasing theft by locking products up at their stores has hurt sales, the company’s CEO said in a ...
Tim Wentworth, CEO of Walgreens Boots Alliance, the parent company of Duane Reade, acknowledged to investors during a Jan. 10 ...
Walgreens improving pharmacy business and comments from the company’s CEO are convincing Wall Street that the drugstore won't ...
Keeping products under lock and key dissuaded customers from purchasing them, Walgreens said in earnings call.
Walgreens, like other companies in the retail pharmacy space, has struggled with challenges related to low reimbursement and ...
Plus, its compact size makes it perfect for small work teams of up to seven people. With a reasonable price tag just south of ...
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