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☆ Walgreens may have overstated theft concerns, CFO says
▼ + stars: | 2023-01-05 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +2 min

A top Walgreens executive on Thursday acknowledged the company may have overblown concerns about thefts in their stores after shrinkage stabilized over the last year. He also said the company would consider moving away from hiring private security guards. Over the last two years, Walgreens has been raising the alarm about increased theft. As a result, it hired private security guards and locking up merchandise so it can't be accessed without a store associate. The company is using more law enforcement as opposed to private security, he added.

Jan 5 (Reuters) - Walgreens Boots Alliance (WBA.O) said on Thursday it will not strike new deals in the short term after a spate of acquisitions in recent years, as it focuses on ramping up sales at its newer healthcare business. "We're not considering any M&A type activity in the short term. We need to focus on integration activities," Chief Financial Officer James Kehoe said in a post-earnings conference call. Walgreens said same-store pharmacy sales rose 4.8% in the reported quarter from a year earlier, but below Evercore ISI's estimates of 5% growth. Net loss attributable to Walgreens was $3.72 billion, for the quarter ended Nov. 30, compared with a profit of $3.58 billion, a year earlier.

☆ Organized retail crime has ballooned into a $100 billion problem — and store employees are dying over it
▼ + stars: | 2022-12-18 | by ( Avery Hartmans | Ben Tobin | ) www.businessinsider.com time to read: +9 min

Organized retail crime increased by 26.5% in 2021, according to the National Retail Federation. It's organized retail crime, and it's a nearly $100 billion problem for the industry. A 2022 study the National Retail Federation conducted found that organized retail crime at retailers surged by 26.5% in 2021 compared to the year prior. Organized retail crime is not the $10,000 jewelry heist you see in the movies, Jake Stauch, the director of product for the security company Verkada, said. The rise of e-commerce has, in large part, fueled organized retail crime.

☆ TikTokers are smashing the stigma of getting laid off as a recession looms and more people fear for their jobs: 'Posting it on TikTok was the best thing I could have done'
▼ + stars: | 2022-10-16 | by ( Jason Lalljee | Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

"I had suspicions a layoff would happen, but the CMO seemed very positive about building a marketing team at the company, so I didn't let my thoughts wander for long," Baird told Insider. "Getting laid off so many times has made me hesitant about taking another full-time job in the near future," she told Insider. "Posting it on TikTok was the best thing I could have done, it got me real support emotionally," she told Insider. And as businesses reiterated just how much they need workers, those workers expectations' changed, too. Nhon N., a 24-year-old recruiter who documented life after her layoff, told Insider that she's still a "struggling workaholic" who puts "too much heart" into her work.

☆ Walgreens Chases Customers It Lost During Covid Focus
▼ + stars: | 2022-10-14 | by ( Katie Deighton | ) www.wsj.com time to read: +4 min

Walgreens Boots Alliance Inc. is planning to reinvigorate its pharmacy business partly through a marketing push designed to regain customers that stopped spending with the chain during the Covid-19 pandemic. The program lets executives analyze where customers are shopping and what they are buying, and use that information to reach out to them with more personalized marketing, Ms. “This is primarily a digital plan.”Walgreens plans to assess data to group customers into various communities, depending on what their needs are and where they shop, according to Ms. Brown, the customer chief. But a community of “support seekers,” who may need more pharmacy support, would be targeted with marketing around a store’s pharmacy services, Ms. Brown said. Walgreens in May named former Calvin Klein executive Linh Peters as its chief marketing officer, in part because of her experience leading marketing and loyalty programs at Starbucks, Best Buy, Target and Ulta.

Two dangerous and highly potent illicit drugs are increasingly infiltrating the supply of street drugs, putting people at risk for deadly overdoses. "Nitazenes are an emerging group of highly potent psychoactive substances" that are often left out of drug screening tests, the report's authors wrote. The highly potent opioids has been found in street drugs across the Midwest and Northeast since 2019, but has since spread to other states. She and her colleagues have recently begun to detect nitazenes in illicit drug samples gathered across the state. The drug has also been linked to reports of skin abscesses, not unlike cases seen in other injectable drug users.

☆ A VC who's raising $30 million lays out why he's betting on cannabis life-science companies to avoid the sector's 'irrational exuberance'
▼ + stars: | 2022-03-03 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +3 min

Bonaventure Equity is raising $30 million to bet on life-science startups in the cannabis industry. A 'life sciences' approach to cannabisO'Brien says he broadly defines "life sciences" to encompass three different buckets: ag-tech, biotech, and healthcare. Investors poured $2.7 billion into cannabis startups in 2021, up from $1.5 billion in 2020, according to the data provider PitchBook. Bonaventure isn't the only venture firm focused on the life sciences aspect of cannabis. Óskare Capital, a new fund, is raising $170 million to invest in medical and pharmaceutical cannabis in Europe, as Insider has reported.

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