Locked shelves flop says Walgreens CEO as Bay Area stores shutter to save $1B
Walgreens’ strategy of locking up merchandise — from deodorants to bags of M&M’s — to deter theft has backfired, according to CEO Tim Wentworth. “It is a hand-to-hand combat battle still, unfortunately,
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 CEO Distressed to Learn That Locking Everything Up Keeps People From Buying It
American pharmacy store chain Walgreens has discovered that locking its wares behind lock and key in an apparent effort to stop shoplifters has backfired spectacularly. As Fortune reports, the company has been battling with a major year-over-year decline in earnings and announced it would close an additional 450 stores across the country this year.
Walgreens CEO Admits Locking Up Products Had Negative Effects
Despite efforts to prevent retail theft, Walgreens reported a 32% in "shrink," or a loss of inventory that can’t be accounted for through sales.
Walgreens CEO Admits Locking Up Products Backfired, Sales Decreased
In a Q1 2025 earnings call, Walgreens Boots Alliance CEO Tim Wentworth admitted that its approach to tackling shoplifting at its stores has backfired. Per Fortune, Wentworth spoke about the state of the company,
Walgreens CEO Says Locking up Items to Deter Theft Not Effective
Some retailers, like Walgreens, report that locking items behind displays to deter shoplifting may not be effective. Walgreens CEO Tim Wentworth recently described theft prevention in stores as an ongoing and challenging struggle.
Walgreens CEO says loss prevention caused theft
Walgreens CEO Tim Wentworth tells shareholders that loss prevention by locking up inventory caused increased theft
A dozen Walgreens stores in San Francisco to close
Walgreens will permanently shut the doors of 12 of its San Francisco locations. The closures are scheduled for late February, ...
Walgreens, Macy’s and Kohl’s to close stores across the Bay Area
Retailers to shutter nearly 20 underperforming locations as part of a national downsizing strategy in the industry.
Walgreens turnaround continues with 450 stores to be closed this year
Walgreens plans to close 1,200 stores over three years. After 70 closed September to November 2024, 450 more will close in ...
Walgreens closing 12 stores in San Francisco
Walgreens will reportedly close 12 stores in San Francisco next month. According to separate reports in the San Francisco ...
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A dozen more Walgreens in the Bay Area closing
A dozen Walgreens in San Francisco will close in February, following some other pharmacy closures in the Bay Area and across ...
Walgreens to close 12 stores across San Francisco
Walgreens is closing 12 stores across San Francisco by the end of February, according to a company spokesperson.
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These 12 Walgreens stores in San Francisco are closing
SAN FRANCISCO (KGO) -- Walgreens is closing a dozen locations across San Francisco, which could impact access to medicine for residents. A spokesperson for the company confirmed these 12 ...
Walgreens branches closing soon in California: Complete list and closing date
Walgreens announced it was closing around 500 locations this year, and there are a dozen branches that will soon be shuttered ...