Locking up store merchandise can deter shoplifters and paying customers alike, according to Walgreens. The pharmacy chain's CEO Tim Wentworth said in Walgreens Boots Alliance's first-quarter ...

Locking up store merchandise can deter shoplifters and paying customers alike, according to Walgreens. The pharmacy chain's CEO Tim Wentworth said in Walgreens Boots Alliance's first-quarter ...

Walgreens Boots Alliance CEO Tim Wentworth conceded that locking up products in order to combat retail theft had a negative impact on stores. During an earnings call on Friday, executives ...

After the pharmacy store chain opted to lock up a significant amount of products on shelves, CEO Tim Wentworth is acknowledging this led to a drastic drop in sales. “When you lock things up ...

"When you lock things up … you don't sell as many of them," he said. Walgreens’ plan to combat increasing theft by locking products up at their stores has hurt sales, the company’s CEO said ...

STATEN ISLAND, N.Y. -- While many big-box chains now lock up merchandise as a means of combatting theft -- requiring shoppers to buzz for help in releasing a stick of deodorant or pack of ...

“Shrink,” a retail industry term for lost inventory including shoplifting, drove $112 billion in retail losses in 2022, up from $94 billion in 2021, according to the National Retail Federation.

(KRON) — 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 ...

The CEO of Walgreens admits that locking up products to deter theft is irritating paying customers and is hurting sales. The company has found that people will leave without buying products ...

The policy of locking up items at big stores was supposed to curb shoplifting in the U.S. in the wake of the pandemic. However, the CEO of Walgreens says the anti-shoplifting strategy appears to ...