Walgreens mentioned it would shut 5 extra shops in San Francisco subsequent month due to organized retail theft in one other blow to a metropolis that has earned an embarrassing fame for widespread shoplifting.
The shops will shut subsequent month, SFGATE reported. It mentioned Walgreens has closed at the least 10 shops within the metropolis since 2019. “Retail theft throughout our San Francisco shops has continued to extend prior to now few months to 5 occasions our chain common” regardless of massive will increase in safety, Walgreens spokesperson Phil Caruso mentioned.
San Francisco Supervisor Ahsha Safai mentioned he was devastated by the lack of a Mission Road retailer that “has been a staple for seniors, households and youngsters for many years.”
“This can be a unhappy day for San Francisco,” Safai advised SFGATE. “We won’t proceed to let these anchor establishments shut that so many individuals depend on.”
Clients with prescriptions at these places may have their information moved to a close-by Walgreens location, SFGATE reported.
Final yr, Walgreens closed one retailer within the metropolis the place the chain mentioned it was dropping $1,000 a day to thefts.
Frustration and concern over thefts have been fueled by extensively circulating photos of shoplifting caught on video. This summer time, shoplifters in masks carrying armfuls of designer purses sprinted out from a downtown Neiman Marcus division retailer and into getaway vehicles.
In June, a masked man was caught on video at a Walgreens, stuffing objects right into a trash bag earlier than cruising out of the shop on a bicycle. A suspect was arrested in that theft.
Final month, Mayor London Breed and Police Chief Invoice Scott introduced they’d dedicate extra law enforcement officials to retail districts, beef up coordination and make it simpler to report shoplifters.
“Do not take our kindness for weak spot”
“We care about felony justice reform. We care about second probabilities. We care about ensuring that individuals are not wrongly accused,” Breed mentioned in asserting the brand new measures. “However do not take our kindness for weak spot, our compassion for weak spot.”
The newest string of thefts at Walgreens shops comes as the corporate has simply boosted pay for hundreds of its workers.
About half of Walgreens’ 190,000 workers already make at the least $15 an hour and won’t see their pay elevated. The remaining half will see their pay boosted, the corporate mentioned. The rise to $15 per hour, which applies to each full- and part-time employees, will probably be phased in fully by November 2022.
The pay hike will value Walgreens, the nation’s second-largest drugstore chain behind CVS, roughly $450 million over the following three years. Walgreens mentioned in a press release that it expects to soak up the added prices “by means of the traditional course of enterprise.”
The worth of Walgreens Boots Alliance inventory dipped lower than 1% Wednesday morning buying and selling, to roughly $47 a share.
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