Walgreens says it will utilize more law enforcement rather than private security.
Candy and ice cream locked or otherwise chained up at a New York City Walgreen's store on Lexington Avenue near East 61st. Street told analysts Thursday that the drugstore chain may have overblown concerns of retail theft last year and is pulling back on private security guards.
"We're quite happy with where we are. It's around 2.5% to 2.6%. So that's well below the prior year levels," he added. Walgreens Pharmacy is seen on at a store on Broad Street on January 05, 2023 in New York City. NYC WALGREENS STORE KEEPING ICE CREAM IN CHAINED FREEZER, LOCKING UP CANDY AMID ONGOING SHOPLIFTING FRENZY
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