A top Walgreens executive acknowledged the company may have overblown concerns about thefts in their stores after shrinkage stabilized over the last year. “Maybe we cried too much last year,” Chief Financial Officer James Kehoe said.
executive on Thursday acknowledged the company may have overblown concerns about thefts in their stores after shrinkage stabilized over the last year.
Shrinkage is the difference between a company's recorded inventory on their balance sheet and its actual inventory. It primarily accounts for items that were shoplifted but also includes inventory that was damaged, lost or stolen by employees.
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