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Walgreens executive says 'maybe we cried too much last year' about theft - TL;DR CNBC

Walgreens executive says 'maybe we cried too much last year' about theft

Publishing timestamp: 2023-01-05 16:07:43


Summary

Walgreens CFO James Kehoe acknowledged that the company may have overreacted to theft concerns in their stores after shrinkage stabilized over the past year. The company had invested in private security guards, but they have proven largely ineffective. Walgreens is now considering moving away from hiring private security guards and using more law enforcement instead. Other retailers such as Walmart and Target have also reported shrinkage as a growing concern.


Sentiment: NEUTRAL

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Keywords: target corpwalmart incwalgreens boots alliance incbusinessjames kehoetheftbusiness newsretail industrycrime

Source: https://www.cnbc.com/2023/01/05/walgreens-may-have-overstated-theft-concerns.html


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