Walgreens CEO admits anti-theft measures ‘largely ineffective': ‘When you lock things up, you don't sell as many of them'

1. Walgreens' CEO reported a 52% increase in inventory shrink due to theft. 2. Locking up items decreases sales, indicating ineffective anti-shoplifting measures. 3. The company plans to close 1,200 underperforming stores to improve profitability. 4. Walgreens exceeded Q1 fiscal 2025 earnings, with adjusted EPS of 51 cents. 5. WBA's stock rose over 32% since January amid restructuring efforts.