Walgreens Supports INFORM Consumers Act
March 10 2020 - 4:17PM
Business Wire
In support of the bipartisan INFORM Consumers Act introduced
today by Senators Bill Cassidy and Dick Durbin, Walgreens issued
the following statement from Alex Gourlay, co-chief operating
officer of Walgreens Boots Alliance, Inc.
“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.”
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
emergency 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), the first global
pharmacy-led, health and wellbeing enterprise. Approximately 8
million customers interact with Walgreens in stores and online each
day, using the most convenient, multichannel access to consumer
goods and services and trusted, cost-effective pharmacy, health and
wellness services and advice. As of August 31, 2018, Walgreens
operates 9,560 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. Approximately
400 Walgreens stores offer Healthcare Clinic or other provider
retail clinic services.
1
https://nrf.com/research/2019-organized-retail-crime-survey
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Phil Caruso 847-315-2962 philip.caruso@walgreens.com
http://news.walgreens.com @WalgreensNews facebook.com/Walgreens
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