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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,
Walgreens CEO on shoplifting strategy: 'Lock things up ... you don't sell as many'
Retailers have been faced with increases in shoplifting and retail theft. But anti-theft prevention can hurt retail sales, says the CEO of Walgreens.
Walgreens says locking up products to prevent shoplifting hurts sales
Keeping products under lock and key dissuaded customers from purchasing them, Walgreens said in earnings call.
Walgreens CEO just now realizes locked shelves were a bad idea
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 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 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.
6h
on MSN
Donald Trump Launches $TRUMP Meme Coin—Token Exceeds $12 Billion Market Cap
A new meme coin launched by President-elect Donald Trump on Friday has hit a market capitalization of $13 billion, marking ...
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4d
Ohio State Merch Sales Spike 550% Ahead of National Championship
Defensive end Jack Sawyer is also cashing in with a custom merch drop. The post Ohio State Merch Sales Spike 550% Ahead of National Championship appeared first on Front Office Sports.
swanseacity
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The Flash Sale | Discounted merchandise available now
Swans supporters can get their hands on discounted merchandise with the new 'The Flash Sale' retail offer. The sale will be ...
6d
Pricesmart Inc (PSMT) Q1 2025 Earnings Call Highlights: Strong Sales Growth Amid Currency Challenges
Pricesmart Inc (PSMT) reports robust sales and membership growth, despite facing margin pressures and currency conversion ...
4d
Sainsbury's: Third Quarter Trading Statement - A Mixed Bag Of Groceries And General Merchandise
SBRY gained grocery market share for fifth Christmas in a row, and in doing so, achieved seven consecutive quarters of volume ...
3d
Target Shakes Up Leadership As It Announces Holiday Sales Grew 2.8 Percent
Target Corporation revealed a 2.8% increase in total holiday sales for November and December, amidst upcoming leadership ...
3d
Target's Holiday Sales Soar 2%--Black Friday, Cyber Monday, and Taylor Swift Merch Fuel the Rally!
Stocks were on course for a banner day amid signs of progress on inflation. The Dow rose 700 points, and the Nasdaq jumped 2% ...
3d
on MSN
Nation's largest trade group: holiday sales rose a better-than-expected 4%
Sales for the 2024 holiday shopping season turned out to be robust and better than expected, as easing inflation on ...
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