Thread regarding Walgreens layoffs

Who'd have thought...

Walgreens CEO says anti-shoplifting strategy backfired: ‘When you lock things up…you don’t sell as many of them’

After reporting a 52% increase in shrink, or lost inventory, in 2020 and 2021, Walgreens invested in increased security that proved to be “largely ineffective.” And while many dr-g stores have taken to locking up commonly looted goods, Wentworth admitted, “When you lock things up…you don’t sell as many of them. We’ve kind of proven that pretty conclusively.”

https://fortune.com/2025/01/14/walgreens-ceo-anti-shoplifting-backfired-locks-reduce-sales/

by Anonymous
| 1142 views | | 11 replies (last January 18, 2025) | Reply
Post ID: @OP+1jhnh3pe9
Comment! It's anonymous!

11 replies (most recent on top)

Corporate already knew this. Tim is just inserting word salad in business calls to make it look like we have a strategy. We don't. Our strategy is a controlled demolition.

by Anonymous
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Post ID: @nd+1jhnh3pe9

self check outs cost jobs. If you don't want to work then quit.

by Anonymous
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Post ID: @kb+1jhnh3pe9

https://www.vice.com/en/article/walgreens-ceo-locking-up-products-bad-for-business/

by Anonymous
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Post ID: @k5+1jhnh3pe9

Neal and Tim are here to have fun

by Anonymous
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Post ID: @fg+1jhnh3pe9

Tim must be a genius. He just figured out that 'When you lock things up.... you don't sell as many of them'. Duh! Anyone with a little bit of common sense should know that. What other basics do these guys Tim and Neal not know about our business?

by Anonymous
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Post ID: @f5+1jhnh3pe9

This concept is nothing new. AP has been saying this for years…. Proven fact that when you lock 🔒 items up you lose sales. The loss of sales have a greater negative impact than the shrink if the items remain unlocked.

We need to unlock our product.

by Anonymous
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Post ID: @bv+1jhnh3pe9

Because we don't have money to buy those terminals. In stores PCs are super slow.

by Anonymous
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Post ID: @bt+1jhnh3pe9

Well they kinda have self check out in SanFran😂😂

by Anonymous
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Post ID: @b2+1jhnh3pe9

Our CEO is the most stu.*pid CEO in the world.

by Anonymous
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Post ID: @as+1jhnh3pe9

Self checkout?? Look at our tech leadership and do you think they can pull that off? Tech leadership can't even make wifi work in our office.

by Anonymous
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Post ID: @a8+1jhnh3pe9

Even with the employee discount, I'm not willing to wait 10+ for someone to unlock the toothpastes and then take them to the counter. Horrible customer experience... Plus, why don't we have self-checkout like CVS?

by Anonymous
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Post ID: @a1+1jhnh3pe9

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