Walgreens to Close Chicago Store After Losing over $1M Due to Rampant Theft, Falling Sales

Shoplifting surged 187% at South Side Walgreens before closure announcement, city data shows – CWB Chicago

Store representatives said the store loses 16 percent of its inventory to theft, four times the company’s average. Walgreens hired security guards at a cost of $400,000 per year and locked up its most frequently stolen merchandise, but executives said those measures failed to stop the losses.

Walgreens to Close Store

CHICAGO — Walgreens is closing its longtime Chatham neighborhood store on Chicago’s South Side, and the political class has found […]

Shuttering Chicago Walgreens Says It Lost $1 Million, Mostly Due to Theft

Chicago Walgreens closing after $1M loss mainly due to theft and security challenges in high-crime area.

Walgreens to close Chicago store after losing over $1M due to rampant theft, falling sales

Walgreens announced plans to close a location on Chicago's South Side next month as the store's profitability suffered due to elevated levels of theft as well as a decline in prescription sales.The pharmacy chain revealed the reasons behind its decision to close the Walgreens at 86th in Cottage Grove in the Chatham neighborhood of Chicago at a town hall in the community on Saturday."I'm here today because we're closing the store at 86th and Cott…

Here's How Much That Closing Chicago Walgreens Has Lost to Criminals

Chicago Walgreens closed after $1M loss from crime and theft, sparking political debate on accountability.

5 things top news: Did Walgreens do enough at Chicago store?

A store closing will create a pharmacy desert in the Chatham neighborhood