A Walgreens executive said the company may have been too concerned about the surge in thefts and rise in shoplifting attempts last year, CNN reports.
A man walks out of a looted Walgreens in Times Square. Photo: Timothy A. Clary/AFP via Getty Images
A Walgreens executive said Thursday the company may have been too concerned about the surge in thefts and rise in shoplifting attempts last year,Shoplifting has become a major crisis nationwide, leading to stores closing their doors and locking up mundane items, Organized crime gangs are looting stories and have become more aggressive and violent in their attempts.“Maybe we cried too much last year," Walgreens finance chief James Kehoe said Thursday in an earnings call about his company's concerns over shoplifting, according to CNN.“We’re stabilized,” he said, according toShrinkage is a term used to describe inventory loss due to theft, fraud, damage and other factors.
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