The Modern Retail Podcast

Rundown: Joann's second bankruptcy, Walgreens looks for new anti-theft solutions & new FDA health proposals

Jan 18, 2025
Joann's struggles deepen with a shocking second bankruptcy, as the retailer grapples with massive debt and inventory issues. Meanwhile, Walgreens seeks innovative solutions to counteract theft, realizing that locking products is hurting sales. In the world of food, the FDA pushes for clearer health labels while banning the controversial Red 3 dye, raising questions about consumer transparency and food safety. These developments signal significant shifts in the retail and food industries that could redefine consumer experiences.
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ANECDOTE

Joann's Second Bankruptcy

  • Joann filed for its second bankruptcy in under a year, facing new challenges after its first filing in March 2024.
  • The retailer is struggling with high debt, inventory issues, and slowing demand, making its future uncertain.
INSIGHT

Locking Up Products Hurts Sales

  • Walgreens CEO admitted that locking up products to reduce theft is hurting sales.
  • This practice makes shopping less convenient, pushing customers to online alternatives like Amazon.
ANECDOTE

Impact on Shopping Experience

  • Gabby Barco and Kale Guthrie-Weissman discuss how locked products deter purchases.
  • They share personal experiences of leaving stores due to inaccessible items or opting for online shopping instead.
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