Walgreens Supports INFORM Consumers Act Introduction in U.S. House of Representatives
July 23 2020 - 4:46PM
Business Wire
In support of the INFORM Consumers Act introduced today in the
U.S. House of Representatives by Congresswoman Jan Schakowsky,
Walgreens issued the following statement from Alex Gourlay,
president of Walgreens.
“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 Congresswoman
Schakowsky’s INFORM Consumers Act, which complements the bipartisan
Senate bill introduced earlier this year to require online
marketplaces to verify high-volume sellers, remove incentives for
retail theft and help make our communities safer. Now, more than
ever, consumers deserve to know who they are buying products from
online, in order to make safe and informed purchasing decisions for
themselves and their families.”
Background on Organize Retail Crime (ORC)
- Organized retail crime is one of the top challenges facing
retailers today. According to a 2019 survey by the National Retail
Federation, retailers reported average losses of $700,000 per $1
billion dollars in sales over a 12-month period.1
- Organized retail crime has evolved beyond shoplifting and petty
theft to the sale of stolen and counterfeit goods online. The
emergence of largely unregulated online marketplaces and third
party sellers have given criminals and ORC groups additional means
to sell stolen and legitimate good, further eroding retailer’s
bottom lines and putting consumers’ safety at risk.
- Walgreens believes online marketplaces should be accountable
for the activity on their platforms and ensure only legitimate
goods are sold by verified sellers.
About Walgreens
Walgreens (walgreens.com), one of the nation's largest drugstore
chains, is included in the Retail Pharmacy USA Division of
Walgreens Boots Alliance, Inc. (Nasdaq: WBA), a global leader in
retail and wholesale pharmacy. Walgreens is proud to be a
neighborhood health, beauty and retail destination supporting
communities across the country, and was named to FORTUNE*
magazine’s 2019 Companies that Change the World list. Approximately
8 million customers interact with Walgreens in stores and online
each day. As of August 31, 2019, Walgreens operates 9,277
drugstores with a presence in all 50 states, the District of
Columbia, Puerto Rico and the U.S. Virgin Islands, along with its
omnichannel business, Walgreens.com. Walgreens also provides
specialty pharmacy and mail services and offers in-store clinics
and other health care services throughout the United States, most
of which are operated by our health care strategic partners.
*© 2019, Fortune Media IP Limited. Used under license.
1
https://nrf.com/research/2019-organized-retail-crime-survey
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Phil Caruso Phone: 847-315-2962 philip.caruso@walgreens.com
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