That’s What You Get: Walgreens CEO Admits Locking…
We’ve all been there. We stroll into a drug store to get a high fructose corn syrup beverage and few personal gadgets and finish up within the store for an hour ready for an overworked, underpaid, and extremely unmotivated worker to unlock the plastic jail the place the razors, deodorant, and laundry detergent are incarcerated. It’s annoying, pointless, and type of makes you’re feeling like, “Do they think I’M a shoplifter?”
Source: Jeff Greenberg / Getty
Well, the CEO of Walgreens lately admitted that this determined and dastardly company attempt to safeguard stock has backfired on them so badly that 1,200 shops should close their doorways for good by 2027. According to DailyMail, Tim Wentworth shocked shareholders when he instructed them that their security attempt result in a 52% increase in theft. Wentworth added that not solely is theft up however gross sales are down. Way down.
“When you lock things up … you don’t sell as many of them. We’ve kind of proven that pretty conclusively,” Wentworth admitted.
Several shops within the Bay Area, Oakland, San Francisco, and Richmond, are all set to close on the finish of the month. Pretty shi**y that such a dangerous coverage choice goes to price workers their paychecks.
The post That’s What You Get: Walgreens CEO Admits Locking Up Products Caused 52% Theft Increase, Sales Loss appeared first on GWN.
