CVS engaging with AGs on retail theft; working to 'dismantle these criminal operations' [FOX Business Network]
CVS Health Corporation (CVS)
Last cvs health corporation earnings: 2/12 06:45 am
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Source: FOX Business Network
While speaking with CBS Evening News on Wednesday, Lynch explained that less expensive products are even locked up because thieves are coming in and "ripping through…the entire counter." She recalled watching a clip of a car driving through the front door of one of its stores at night. Six men jumped out and "ransacked the entire CVS," she recalled. The company has implemented new safety measures over the last few years. But Lynch said they're also "working very closely with law enforcement and with attorneys general because they're not being prosecuted , and they need to be," Lynch said. Retailers across the industry have been ramping up efforts to combat organized retail crime, which has grown in scope and complexity in recent years, and continues to take a hefty bite out of profits. Target, for instance, projected last year that it would face a more than $500 million hit in profits due to retail theft that's worsening at its stores. In 2022, these thefts, many of which hav
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CVS
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CVS
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- 4/5/24 - Form ARS
- 4/5/24 - Form DEF
- CVS's page on the SEC website