I wonder if this is similar to when Walgreens said they shut down their stores because of crime, but that this was actually just a cover reason for poor store p

I wonder if this is similar to when Walgreens said they shut down their stores because of crime, but that this was actually just a cover reason for poor store performance. Here's an NYT article on Walgreens admitting as much [1]: "A Walgreens executive said this week that the company, which cited “organized” shoplifting as a reason to close five stores in San Francisco in October 2021, might have overstated the effect of theft on its business. “Maybe we cried too much last year,” James Kehoe, the company’s chief financial officer, said during a Walgreens earnings call with investors. Mr. Kehoe also said that the company had “probably” spent too much on security measures and that it might have mischaracterized how much theft took place in its stores... The San Francisco Police Department’s data on shoplifting did not support Walgreen’s explanation for the store closings, according to an October 2021 analysis by The San Francisco Chronicle. The analysis said that while not all shoplifting incidents were reported to the police, one of the stores that closed had only seven reported shoplifting incidents in 2021 and a total of 23 since 2018." [1] https://www.nytimes.com/2023/01/06/business/walgreens-shoplifting.html?smid=url-share https://www.nytimes.com/2023/01/06/business/walgreens-shopli...