Walgreens CEO admits anti-theft measures ‘largely ineffective': ‘When you lock things up, you don't sell as many of them'

The top executive at Walgreens lamented the loss of sales from putting items like toothpaste behind lock and key to crack down on rampant shoplifting that has plagued pharmacy chains around the country.“When you lock things up…you don’t sell as many of them. We’ve kind of proven that pretty conclusively,” Tim Wentworth, CEO of Walgreens Boots Alliance, told investors during a recent earnings call.He went on to say that grappling with retail theft was akin to a “hand-to-hand combat battle” and called the ant ...