Walgreens’ CEO has admitted that locking up items to avoid shoplifting has not worked – and it will close stores instead.
Not only has the practice not curbed theft, it has dramatically hit sales.
Over the past few years, major retailers like Walgreens, CVS, Walmart, and Target have increasingly resorted to locking up everyday items such as toothbrushes, deodorant, laundry detergent, coffee, and even milk.
Walgreens’ CEO has admitted that locking up items to avoid shoplifting has not worked – and it will close stores instead.
Not only has the practice not curbed theft, it has dramatically hit sales.
Over the past few years, major retailers like Walgreens, CVS, Walmart, and Target have increasingly resorted to locking up everyday items such as toothbrushes, deodorant, laundry detergent, coffee, and even milk.
They are closing locations across San Francisco, Oakland, and Richmond for a total of 1200 stores by 2027.
In one CVS chain in New York, people can get a pass to open the locks protecting items as part of the app. They’re trying it out to see if it helps.
This could all be fixed if the city officials would go back to putting thieves in prison. Stores are closing, people in these areas call it racist, and there is no hope of it changing. If the town fathers haven’t gotten the message by now, they never will.
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Yea .. That`s what happens when Corporate Thieves are allowed to Steal from the People!
Having a Walgreens just across the street, I walk into their store often as they are chasing and yelling at shoplifters. When the time comes, the word comes down they are to close, I’m sure there will be great accusations of “racism” behind the decision.
Can’t blame them for doing so. It’s just such a shame. There’s no more obvious indicator of what has been intentionally allowed to occur in our country.
It’s not just the economy that’s raising prices, all this theft adds to it also. Retailers have to get their money back somehow and insurance will only cover so much when it’s allowed to happen in your city
Not True. Government refunds all theft 100-percent and it is tax deductable for all stores. I knew a supermarket owner. He made money on Theft and used to allow it.
Oh, and Counterfiets are 100-percent refunadable no questions asked. I used to work for the government counting counterfeits. So .. there is so much you people do not know about your government. You should learn, then learn to hold it accountable.