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Lastly, Walgreens has reported an increase in theft from its stores, impacting profitability. In response, they have implemented security measures such as hiring guards and locking up merchandise. Unfortunately, these measures may have created a less convenient shopping environment, deterring customers from making purchases.
Looking Ahead: What Does the Future Hold for Walgreens?
While Walgreens is not on the brink of bankruptcy, the company is undoubtedly facing unprecedented challenges. Trends in consumer behavior, economic pressures, and competitive dynamics have all contributed to a decline that threatens its long-standing legacy.