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Walgreens introduced plans to shut a location on Chicago’s South Aspect subsequent month as the shop’s profitability suffered resulting from elevated ranges of theft in addition to a decline in prescription gross sales.
The pharmacy chain revealed the explanations behind its determination to shut the Walgreens at 86th in Cottage Grove within the Chatham neighborhood of Chicago at a city corridor locally on Saturday.
“I am right here as we speak as a result of we’re closing the shop at 86th and Cottage Grove. However I simply wish to be certain everybody understands closing shops [is] not our aim. That is the final resort,” Walgreens regional Vice President Reginald Johnson stated, in keeping with Fox 32 Chicago.
Walgreens executives revealed on the city corridor that the situation misplaced over $1 million final 12 months amid softening prescription gross sales and important ranges of theft, which resulted within the determination to shut the shop on June 4.
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Walgreens is closing a location on Chicago’s South Aspect subsequent month. (Jeffrey Greenberg/Common Photographs Group by way of Getty Photographs)
Johnson stated that “theft at this retailer is 16%,” which is “4 occasions above the corporate common,” which contributed to losses on the retailer.
The corporate stated that it took measures to counteract theft on the retailer, however was unable to place an finish to the problems on the location.
“Lock containers assist us shield the merchandise within the retailer. Plenty of the time, these lock containers have been getting destroyed. And that is at an incredible price to the corporate,” stated Walgreens district supervisor Jason Vasquez, in keeping with Fox 32’s report.
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Walgreens executives stated safety and lock containers weren’t adequate to cease theft on the retailer. (Al Drago/Bloomberg by way of Getty Photographs)
It additionally stated that Walgreens was spending $400,000 a 12 months on safety guards on the retailer, however workers nonetheless confronted assaults and threats amid the theft on the location.
“Wev’e had folks leap throughout the counters, as a result of we promote liquor behind the counter, taking liquor, cigarettes,” stated Lonnie Fuqua, the shop’s supervisor. “That wears down. Not a lot the monetary piece however the endurance of that day in and day trip.”
Residents and prospects of the situation expressed concern on the city corridor about entry to their prescriptions and frustration with having to go to a location farther away from their neighborhood, Fox 32 reported.
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Walgreens is within the means of closing about 1,200 shops nationwide. (Lindsey Nicholson/UCG/Common Photographs Group by way of Getty Photographs)
The corporate is encouraging prospects to make use of one other Walgreens location that is about 1 mile away and is reaching out by way of mail and e-mail to tell prospects about how they’ll have their prescriptions delivered by mail.
“For seniors, there’s some options which have been put in place the place you will get free supply. That has already began for these drugs you’ll have that, below the regulation, could be delivered,” Fuqua stated.
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FOX Enterprise reached out to Walgreens for remark.
