Walgreens CEO Admits Anti-Theft Measures in Stores Contributed to Company's $245 Million Operating Loss
A Walgreens store in Philadelphia.Photo:Getty Images Getty Images Walgreenshas admitted that locking up products within its stores has affected its sales. During a recentearnings call, Timothy Wentworth, the CEO of Walgreens' parent company, Walgreens Boots Alliance, detailed howanti-theftmeasures such as securing products in plastic cases or utilizing security tags impacted the chain’s annual earnings. “When you lock things up … you don’t sell as many of them,” Wentworth said, adding: “We’ve kind of proven that pretty conclusively....