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Locked shelves flop says Walgreens CEO
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.
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 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, San Francisco
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, according to the company.
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 2025, the company says.
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 reimbursement pressures" in the latest round of retail store closures in the city.
Mission Local
14h
Potrero Walgreens, which services S.F. General Hospital, slated to close
The drug store is the only full-service pharmacy near Zuckerberg San Francisco General Hospital and a go-to for residents in ...
KTVU FOX 2 San Francisco on MSN
8d
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 ...
SFGATE on MSN
9d
Wave of Walgreens stores to abruptly shutter across San Francisco
A dozen Walgreens stores are slated to shutter across the city of San Francisco at the end of February, spokesperson Marty ...
2d
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 ...
STAT
5d
Cigna, Centene, Walgreens drop out of J.P. Morgan conference
Cigna and Centene were among a dozen companies that appeared on the initial JPM agenda that have bowed out of the conference.
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