[HN Gopher] 10th Walgreens to close since 2019 in San Francisco
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       10th Walgreens to close since 2019 in San Francisco
        
       Author : paulddraper
       Score  : 6 points
       Date   : 2021-05-31 22:23 UTC (38 minutes ago)
        
 (HTM) web link (www.sfgate.com)
 (TXT) w3m dump (www.sfgate.com)
        
       | londons_explore wrote:
       | $1000/day is what percentage of their revenue?
       | 
       | A decent size grocery store I assume might take $100,000 per day.
       | Theft losses of 1% sounds very survivable - especially when all
       | other stores in the region have the same theft losses, so prices
       | can go up by the same percentage.
        
       | gruez wrote:
       | >Walgreens locations in San Francisco have often been a target of
       | rampant shoplifting, with a recent incident even caught on camera
       | during an "Inside Edition" segment. The San Francisco Chronicle
       | reported that one Walgreens location lost on average about $1,000
       | a day in merchandise because of shoplifting. (SFGATE and the San
       | Francisco Chronicle are both owned by Hearst but operate
       | independently of one another.) Theft of less than $950 in goods
       | is treated as a nonviolent misdemeanor under California law.
       | 
       | Related discussion: https://news.ycombinator.com/item?id=27241085
        
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       (page generated 2021-05-31 23:01 UTC)