Why is Walgreens really closing its San Francisco store?

Original source: Quartz (See article)

The Walgreens Boots Alliance recently announced that it will close five stores in San Francisco because it has described it as a “systematic retail theft.” Theft in the Bay Area has risen five times the national average of Walgreens stores in recent months, the company said. This statistic grabbed a national headline and sparked a debate about shoplifting in the city.

San Francisco City Officials, Journalists, Criminal Justice Experts Pushed back This claim questioned why Walgreens decided to close the store.Mayor of San Francisco London Breed Denial Walgreens claims that the real reason could be that the stores aren’t making enough money and that the city is “saturated” with Walgreens stores.

Walgreens said increasing investment in security measures to combat shoplifting has proven to be costly. “To combat the theft of this retail store, we have increased our investment in security measures for stores in the city by 46 times the chain average to provide a safe environment. This is primarily the city’s 10B. The result of participating in the program was hiring an off-duty San Francisco Police Officer to attend the store, “Wolgreen spokeswoman Phil Caruso said in an email to Quartz. (10-B is program This allows businesses and events to hire off-duty police officers from the San Francisco police station to pay for overtime. )

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Why is Walgreens really closing its San Francisco store?

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