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The CEO of Walgreens has revealed that the practice of locking products in glass display cabinets has hurt store sales.

Over the years the pharmacy chain used strategy to combat shoplifting. Walgreens CEO Tim Wentworth said the company’s ...

Late last year, the pharmacy and retail chain, Walgreens, announced plans to close 1,200 of its approximately 8,500 stores.

Major pharmacy chains are planning to shutter hundreds of stores in 2025, making access to medications more difficult.

Keeping products under lock and key dissuaded customers from purchasing them, Walgreens said in earnings call.

Walgreens Boots Alliance CEO Tim Wentworth conceded that locking up products in order to combat retail theft had a negative impact on stores. During an earnings call on Friday, executives ...

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." Wentworth spoke to analysts ...

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CEO Tim Wentworth said Friday on a first-quarter earnings call. He said executives are evaluating options for Summit Health-CityMD, which VillageMD acquired in early 2023. "We've shown progress on ...