Walgreens reports 2-year surge in organized theft

Jan 20, 2022
Written by WR Communications

Walgreens Boots Alliance has seen a 40% to 50% increase in shrink rates at Walgreens stores from pre-pandemic levels amid a surge in organized retail theft, Chief Financial Officer James Kehoe said in a call with investors. “It’s not somebody who can’t afford to eat tomorrow. These are gangs that actually go in and empty our stores of beauty products,” Kehoe said.

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