I haven’t seen it widely reported, but Walgreens claimed they lost money due to “crime”. In financial statements they clarified that meant the several billion d

I haven’t seen it widely reported, but Walgreens claimed they lost money due to “crime”. In financial statements they clarified that meant the several billion dollar fines they had to pay due to some combination of (1) the opioid settlements (2) illegal wage theft against their employees. Stolen merchandise wasn’t a big contributor to bottom line. They lost money due to white collar and labor crimes, while throwing places like SF under the bus for news cycles and talking points. SF the city challenged Walgreens on the theft issue, since the police don’t have many reported thefts from Walgreens in the city. Which is a pattern. The clothing store that was reported to close after crazy amounts of crime quietly opened its SF branch a few days later (with free Police guards and press cycles). https://qz.com/walgreens-opioid-settlement-cost-loss-first-quarter-1849957513 https://qz.com/walgreens-opioid-settlement-cost-loss-first-q... https://abc7news.com/cotopaxi-san-francisco-reopens-founder-davis-smith-linkedin-apology-hayes-valley-store-ceo/12440774/ https://abc7news.com/cotopaxi-san-francisco-reopens-founder-...