Walgreens Closes Chicago South Side Store After $1 Million Theft Losses

2 articles · Updated · Fox News · Jun 2

More than $1 million in annual theft losses pushed Walgreens to shut a South Side Chicago store, with the chain also citing safety risks to staff and customers.
Roughly $400,000 spent on security at the location still failed to stop repeated shoplifting, grab-and-runs and threats, while customer traffic fell as elderly shoppers felt unsafe.
Ald. William Hall condemned the closure as "first-degree corporate abandonment" and "pharmaceutical genocide," arguing the move harms families and older residents who rely on the pharmacy.
The shutdown adds to pharmacy access concerns on the South Side, where residents may have to travel farther for prescriptions, formula and basic medicines as stores retreat from high-crime areas.

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After a store loses $1M to theft, is its closure corporate abandonment or a predictable business decision?

Can a community that fails to stop rampant crime realistically expect businesses to invest in its future?