Headlines

Walgreens Lost $75 Million in Looting

That figure represents losses through May

Published

4 years ago

July 15, 2020

VMSD Staff

Walgreens Boots Alliance (Deerfield, Ill.) lost at least $75 million due to looting and loss of inventory related to looting, reports Bloomberg. The estimate covers losses through May 2020, the end of the retailer’s fiscal third quarter.

Walgreens reportedly “continues to monitor developments and assess the degree of the damage and expects additional charges to be incurred in subsequent periods associated with these events,” according to a filing. Store closing also impacted sales, the retailer reports.

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