Judd Legum

@JuddLegum ↗

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Last Checked Jan. 26, 2023

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Thu Jan 12 13:45:30 +0000 2023

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Judd Legum @JuddLegum

5. Now @Walgreens is admitting that its rhetoric didn't match the reality. Walgreens CFO James Kehoe told investors last week that Walgreens "cried too much last year" about shoplifting and spent too much money on private security. https://t.co/C5YJucaegF — PolitiTweet.org

Posted Jan. 12, 2023

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Judd Legum @JuddLegum

4. "Shrink" covers more than just shoplifting. It also includes damaged goods and employee theft. "External theft" amounted to just 0.5% of sales across the industry in 2021, according to @NRFnews. — PolitiTweet.org

Posted Jan. 12, 2023

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Judd Legum @JuddLegum

6. According to @Walgreens, total shrink in its last quarter was 2.5%. Kehoe said he was "quite happy" with the number We asked Walgreens how much of the 2.5% was due to shoplifting. The company didn't answer It's likely that external theft @Walgreens amounts to <1% of sales — PolitiTweet.org

Posted Jan. 12, 2023