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Walgreens CEO reveals anti-theft measures of locking up products had the opposite effect
CEO Tim Wentworth admitted in a recent fiscal report call that combatting shoplifting by locking up items has led to customer dissatisfaction.
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 CEO: Stopping shoplifting is a "hand-to-hand combat battle"
Walgreens is struggling to deter shoplifting at its stores, according to CEO Tim Wentworth, who described it as "a hand-to-hand combat battle still, unfortunately."
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.
Walgreens CEO Says Anti-Shoplifting Measures Backfired
In a Q1 2025 earnings call, Walgreens Boots Alliance CEO Tim Wentworth admitted that its approach to tackling shoplifting at its stores has backfired. That’s a likely result as an increase in asset protection usually leads to a dip in sales,
Walgreens CEO Says Locking up Items to Deter Theft Not Effective
Some retailers, like Walgreens, report that locking items behind displays to deter shoplifting may not be effective. Walgreens CEO Tim Wentworth recently described theft prevention in stores as an ongoing and challenging struggle.
5h
Walgreens CEO says anti-theft measures contributed to company's $245 million loss
UNDATED (WKRC) - Walgreens CEO Timothy Wentworth said anti-theft measures at stores contributed to the company's $245 million ...
16h
on MSN
Walgreens sounds the alarm on embarrassing mistake
Stores like CVS and Walgreens (WBA) seemed to create a perfect environment for theft; they tend to be located in high foot ...
4d
on MSN
Walgreens used this strategy to reduce theft. Turns out, it was bad for business
Over the years the pharmacy chain used strategy to combat shoplifting. Walgreens CEO Tim Wentworth said the company’s ...
Bossip
3d
Walgreens CEO says loss prevention caused theft
Walgreens CEO Tim Wentworth tells shareholders that loss prevention by locking up inventory caused increased theft ...
MediaPost
11h
Walgreens Faces New DOJ Opioid Suit And A Cooler Crisis
Subscribe today to gain access to every Research Intelligencer article we publish as well as the exclusive daily newsletter, ...
9h
on MSN
Walgreens to close 3 stores in Denver, Aurora
DENVER — Walgreens plans to close three Colorado stores next month as the company works to strengthen its balance sheet.
2d
on MSN
Walgreens CEO Admits Anti-Theft Measures in Stores Contributed to Company's $245 Million Operating Loss
"When you lock things up ... you don't sell as many of them," CEO Timothy Wentworth said during a recent earnings call ...
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