Walgreens is shuttering a location in Chicago, upsetting residents, and stirring fury among exploitative and complicit politicians. The way some local “leaders” tell it, the drugstore chain is acting greedily, selfishly, or even criminally.“Walgreens should be charged with first-degree corporate abandonment,” thundered a local alderman. “It should be a crime, the way they’re treating our elders. It should be a crime, the way they’re treating our families.”This is complete nonsense, of course, but the asinine nature of his flailing is laid bare by Walgreens’ reasons for closing its store in the Windy City’s Chatham neighborhood. According to the local Fox affiliate, the corporation was losing more than $1 million annually at that location, driven by stunning levels of theft and exorbitant security costs.
Walgreens executives revealed the store lost more than a million dollars last year, partly due to declining prescription sales but also a massive amount of store theft.
“Theft at this store is 16 percent,” Johnson said. “That’s four times above the company average.”
And the company explained that they tried to stop theft.
“Lock boxes help us protect the merchandise in the store. A lot of the time, those lock boxes were getting destroyed. And that’s at a great cost to the company,” said Jason Vasquez, Walgreens District Manager.
