Locking shelves backfired says Walgreens CEO as Bay Area stores shutter
Walgreens' strategy of locking up merchandise — from deodorants to bags of M&M's — to deter theft has backfired, according to CEO Tim Wentworth.
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 says loss prevention caused theft
Walgreens CEO Tim Wentworth tells shareholders that loss prevention by locking up inventory caused increased theft
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 says locking up merchandise harmed sales
"When you lock things up … you don't sell as many of them. We've kind of proven that pretty conclusively," Wentworth said. "I don't have anything magnificent to share with you today. It is a hand-to-hand combat battle still,
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 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 announces it will close 12 stores across San Francisco
Walgreens announced it was closing a dozen stores in San Francisco because of what it called "increased regulatory and ...
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.
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San Francisco DA says Walgreens security guard won't be charged in Banko Brown slaying
Police said the preliminary investigation determined that a theft allegedly occurred ... ALSO READ: Fatal shooting by security guard at San Francisco Walgreens puts focus on limits of private ...
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Safeway announces decision to close San Francisco store location amid theft and safety concerns: report
Safeway on Tuesday announced in a letter to San Francisco Mayor London Breed that it would close a location in the city after suffering from theft ... including Walgreens, that has been ...
5 arrested after theft at Oakland Walgreens set to close next month
Five people were arrested following an organized retail theft operation, the Oakland Police Department announced Thursday. The suspects are connected to thefts at two Walgreens ...