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The Latest Breaking News from James Kehoe

US retail group retracts claim that half of $94.5bn inventory loss was from theft

National Retail Federation says data was flawed and based on congressional testimony from president of an advocacy group

The Guardian - US

Target, Walmart and other retailers get shocking crime data

A major report has changed and that raises questions about Walmart, Target, Walgreens and other retailers.

The Street

An unpleasant surprise may be waiting for you on your next shopping trip

Some retailers are hiring armed security officers in response to theft and violent crimes.

The Street

From analysis to the latest developments in health,
read the most diverse news in one place.

Walgreens’ new interim CEO Ginger Graham isn’t the only temporary member of the pharmacy giant’s C-suite

Graham, a longtime board member, is running the company alongside an interim CFO.

Fortune

Citing ‘emerging challenges,’ Walgreens to shutter 150 stores across the U.S.

Walgreens reported net income of $118 million, about 59% below the previous year. It will also close 300 stores in the United Kingdom. This year the firm said it would cut 10% of its corporate workforce, mostly in Deerfield and Chicago.

Chicago Sun-Times

Walgreens aims to cut more costs amid weaker demand for COVID vaccines, uncertain economy

Walgreens Boots Alliance is raising its cost-savings goal by 17% to $4.1 billion after a disappointing quarter — a move that comes just weeks after it said it was eliminating 10% of its corporate workforce.

Chicago Tribune

Walgreens Admits It May Have Cried Wolf Over Theft

Walgreens CFO James Kehoe signaled a change in strategy in drugstore chains' approach to shoplifting.

The Street

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Walgreens executive admits retail theft concerns are overblown: ‘Maybe we cried too much’

Investments in private security have been “largely ineffective” after theft issue dominated headlines heading into midterms

People

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Walgreens Boots Alliance

National Retail Federation

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