Walgreens executive James Kehoe told analysts on an earnings call Thursday that the company may have overblown the issue of retail theft and will pull back on using private security.
told analysts Thursday that the drugstore chain may have overblown concerns of retail theft last year and is pulling back on private security guards.
"We're quite happy with where we are. It's around 2.5% to 2.6%. So that's well below the prior year levels," he added. Shrinkage refers to a loss of inventory due to factors such as theft and is the difference between actual inventory and recoded inventory on a businesses' balance sheet.in the stores in the first quarter," Kehoe said. "Actually, probably we put in too much and we might step back a little bit from that.
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