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Walgreens CEO Distressed to Learn That Locking Everything Up Keeps People From Buying It

Futurism LogoFuturism18h ago

Walgreens CEO Distressed to Learn That Locking Everything Up Keeps People From Buying It - Futurism

Quick Summary:

As part of its efforts to turn things around and stop "shrink," or the loss of inventory not due to sales, which includes theft, the company invested in increased private security — which proved to be ineffective in the long run.

  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.


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Article Details

Author / Journalist: Victor Tangermann

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-18 @ 16:00:16 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 504 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Futurism

News ID: 25237850

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About Futurism

Main Topics: Technology

Official Website: futurism.com

Update Frequency: 15 posts per day

Year Established: 1997

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #68

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