Organized retail crime is on the rise, Walgreens says — so much so that theft across its San Francisco stories is five times the chain's average. Walgreens is closing five stores in response.
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.
“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. Target Corp. TGT, +2.83% shortened the hours at its five San Francisco locations this summer because of the rise in theft.A video of a man stealing from one of the San Francisco Walgreens WBA, -0.34% locations then riding out of the store on a bicycle went viral earlier this year.
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