Rite Aid recently closed a location in Hell's Kitchen after more than $200,000 in product was stolen over two months.
"We experienced unexpected headwinds this quarter from front-end shrink, particularly in our New York urban stores," Rite Aid CEO Heyward Donigan said on a company conference call in September. But these chain pharmacies are blaming the post-pandemic economy, not crime. Pharmaceutical industry expert and Rutgers professor Dr. Mahmud Hassan said he agrees.
"The pandemic has basically changed people's minds," Hasan said. "Almost nobody goes inside stores, and they are using Amazon and online and ordering. I myself do the same thing." But Tarasenko, like the NYPD, said city policy is perpetuating the problem. And pharmacies like his remain the preeminent target among shoplifters.
"It used to be years ago they would spend a few days in jail or go through the system," Tarasenko said. "Now, they just let them out." FOX 5 NY reached out the big chains to confirm just how many stores they're closing in the city but they did not respond. in just three months due to shoplifting and said its store may start locking every product behind shelf-cases.
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