Rite Aid executives bemoan out-of-control NYC shoplifting at stores
Top Rite Aid executives grumbled about a widespread shoplifting problem in New York City after the retailer reported worse-than-expected quarterly results on Thursday. Rite Aid CEO Heyward Donigan told analysts the company “experienced unexpected headwinds this quarter from front-end shrink, particularly in our New York urban stores.” Donigan noted the company has begun “shrinking our … Read more