Walgreens says locking up products to prevent shoplifting hurts sales

Walgreens CEO admits controversial policy backfired but reversal not imminent

THE CEO of embattled chain Walgreens has admitted that one of its policies has had an impact on sales. Walgreens is just one of the chains that has turned to locking items in cases in a bid to combat retail theft. Timothy Wentworth admitted the chain’s anti-theft policy has backfiredCNBC A raft of Walgreens stores are to close in weeksGetty But, Timothy Wentworth opened up on the effects the policy has had on the company. “When you lock things u…

Locking Products Up Makes Theft WORSE

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Walgreens Closes More Stores Due to Theft

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 […] The post Walgreens Closes More Stores Due to Theft appeared first on www.independentsentinel.com.

The executive director of the Walgreens pharmacy chain, Tim Wentworth, says that many consumers are uncomfortable with this measure.

Locking up products to combat shoplifting is bad for business, drugstore CEO reports

STATEN ISLAND, N.Y. -- While many big-box chains now lock up merchandise as a means of combatting theft -- requiring shoppers to buzz for help in releasing a stick of deodorant or pack of disposable razors -- at least one retailer has publicly admitted that the practice is bad for business.

Walgreens used this strategy to reduce theft. Turns out, it was bad for business

While locking up merchandise can reduce theft, it also deters paying customers, according to Walgreens.