Walgreens Closing 5 San Francisco Stores Due To Organized Retail Crime

Walgreens announced Tuesday it would be closing five of its San Francisco locations due to "organized retail crime," but police department data, local officials, and policy experts are casting doubt on that reasoning, according to a report published by the San Francisco Chronicle on Saturday.

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While the report said the chain has experienced retail theft, other factors like the COVID-19 pandemic and oversaturation of stores were cited as potential factors behind the decision to close the stores.

Walgreens spokesperson Phil Caruso said retail theft across its San Francisco locations has increased in the past few months to five times the chain's average, SFGate reported.

However, San Francisco Police Department data obtained by the Chronicle contradicts Walgreens' claims, with one of the stores slated to close reporting only 23 shoplifting incidents since 2018. Some incidents of shoplifting likely go unreported, but the closing stores had on average less than two shoplifting reports per month since 2018.

"Organized retail crime continues to be a challenge facing retailers across San Francisco, and we are not immune to that," Caruso told SFGate. "During this time to help combat this issue, we increased our investments in security measures in stores across the city to 46 times our chain average in an effort to provide a safe environment."

San Francisco Mayor London Breed pushed back against Walgreens' stated reasoning for closing the stores.


Video: Walgreens closing stores over shoplifting fears (NBC News)

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    Source : https://www.msn.com/en-us/money/companies/walgreens-cited-shoplifting-as-rationale-for-closing-5-stores-in-san-francisco-but-local-officials-data-and-experts-cast-doubt-on-that-explanation/ar-AAPDIQv

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Walgreens cited shoplifting as rationale for closing 5 stores in San Francisco, but local officials, data, and experts cast doubt on that explanation

Source:Business Insider on MSN.com

Walgreens cited shoplifting as rationale for closing 5 stores in San Francisco, but local officials, data, and experts cast doubt on that explanation

Walgreens closing 5 San Francisco stores due to organized retail crime

Source:SFGate

Walgreens closing 5 San Francisco stores due to organized retail crime

Walgreens closing 5 San Francisco stores due to ‘organized retail crime,’ company says

Source:News Tribune

Walgreens closing 5 San Francisco stores due to ‘organized retail crime,’ company says