Stopping shoplifting is a “hand-to-hand combat battle”

Walgreens CEO Tim Wentworth discussed the ongoing struggle with shoplifting at the retailer’s stores during a recent earnings call, mentioning creative solutions being implemented. Inventory losses have impacted profits, prompting efforts to address the issue, while other retailers like Walmart and T.J. Maxx are testing new technologies like body cameras and apps to prevent theft. Despite financial struggles and store closures, Walgreens saw a significant stock increase following better-than-expected results, with plans for customer-focused initiatives like digital prescription pick-up check-ins in progress.

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