Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Instagram Outage Disrupts Thousands of U.S. Users 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Walgreens will be closing five more stores in San Francisco, and this move was due to thefts in the city. The go-to pharmacy and Health & Wellness store said that brazen shoplifting incidence has been a problem, and this has resulted in big losses for the company.
Walgreens said on Tuesday, Oct. 12, that the organized crime plaguing the territory is its main problem. The firm said that organized retail crime is ongoing, so it continues to be a challenge for most retailers in the area, and even major establishments like them are not immune to it.
“Due to ongoing organized retail crime, we have made the difficult decision to close five stores across San Francisco,” the company’s spokesperson told FOX Business. “Each store will transfer prescriptions to a nearby Walgreens location within a mile radius and we expect to place the stores’ team members in other nearby locations.”
The spokesperson added that in the past few months, the incidence of retail theft in Walgreens’ stores in San Francisco continued to increase up to five times on average. He further explained that in an effort to provide a safe environment to customers and the staff, the company took measures to stop the problem by investing in added security for the stores, but the problem still persisted.
It was reported that critics are blaming a California referendum that was voted and passed in 2014. Because of this, the theft of property has been downgraded to a simple misdemeanor if the value involved is $950 and below. In the course of the summer, the California Retailers Association stated that the cities - San Francisco, Los Angeles, and Sacramento - have some of the highest records for organized retail crime in the country.
It was mentioned that since the start of 2019, Walgreens closed down at least 10 of its outlet stores in the city. At any rate, San Francisco Gate reported that the five Walgreens stores facing shut down next month in San Francisco are the ones at 2550 Ocean Ave. (Nov. 8), 4645 Mission St. (Nov. 11), 745 Clement St. (Nov. 15), 300 Gough St. (Nov. 15), and 3400 Cesar Chavez St. will close on Nov. 17.
