The crime problem in San Francisco and California as a whole continues to cause retailers problems.
Tags: consumer staples
Walgreens Boots Alliance Inc. has announced that it will close five Walgreens stores in San Francisco in response to the rise in organized retail crime.
Walgreens says it will move prescriptions and workers from the shuttered stores to nearby locations. Prescriptions will go to stores within a one-mile radius.
“Retail theft across our San Francisco stores has continued to increase in the past few months to five times our chain average,” the company said in a statement.
“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.”Walgreens shutting five San Francisco locations due to organized retail crime – MarketWatch