Walgreens CEO admits anti-theft measures ‘largely ineffective': ‘When you lock things up, you don't sell as many of them'
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Walgreens CEO acknowledged that anti-theft measures have been largely ineffective, leading to a 52% increase in inventory shrinkage. Locking up products has resulted in decreased sales.
January 15, 2025 | 6:00 pm
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Walgreens CEO admitted that anti-theft measures have been ineffective, resulting in a 52% increase in inventory shrinkage. Locking up products has negatively impacted sales.
The CEO's admission of ineffective anti-theft measures and a significant increase in inventory shrinkage is likely to concern investors, as it directly impacts the company's bottom line. The negative impact on sales due to locked-up products further exacerbates the issue, potentially leading to a short-term decline in stock price.
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IMPORTANCE 80
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