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Walgreens Issues Statement In Fight Against Organized Retail Crime (ORC)

By John F. Heerdink, Jr.

Walgreen Boots Alliance (WBA) is a pharmacy-led, health and well-being enterprise with a long history of trusted healthcare services, community pharmacy care, and pharmaceutical wholesaling dates.

Alex Gourlay, co-chief operating officer, Walgreens Boots Alliance, Inc issued a statement in support of the bipartisan INFORM Consumers Act issued by Senators Bill Cassidy and Dick Durbin this week.

“The lack of transparency and accountability in today’s digital marketplaces has contributed to the rapid rise of organized retail crime, which has become one of the top challenges facing the retail industry today. Walgreens strongly supports Senators Bill Cassidy and Dick Durbin’s INFORM Consumers Act, which would require online marketplaces to verify high-volume sellers, remove incentives for retail theft and help make our communities much safer. Americans deserve to know who they are buying products from in order to make safe and informed purchasing decisions for themselves and their families.”

Organized retail crime (ORC) is a major challenge faced by retailers today. Retailers reported average losses of $700,000 per $1 billion dollars in sales over a 12-month period, as per the 2019 survey by the National Retail Federation. Walgreens strongly believes online marketplaces should be responsible for the activity on their platforms and assure only fair and genuine goods are sold by verified sellers.

To learn more about Walgreen Boots Alliance (WBA) and to continue to track its progress please visit the Vista Partners Walgreens Boots Alliance Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Walgreens Supports INFORM Consumers Act in Business Wire)


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