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Walgreens Suffered $75 Million in Looting Damage

It’s a big number. But it’s not just a number for insurance companies. We live in an interconnected economy. The insurance payouts will be passed on to everyone. Product costs will rise, losses will be passed up and down the ladder until they reach everyone.

And that’s just Walgreens. The full financial picture of Black Lives Matter devastation will be much worse.

Damage related to looting cost Walgreens Boots Alliance at least $75 million, offering a look at the cost of U.S. unrest for one of the nation’s largest retailers.

Deerfield-based Walgreens said the estimate includes store damage and lost inventory through May, when the company’s fiscal third quarter ended, according to a filing with the Securities and Exchange Commission. Store closures during protests also hurt sales, the company said.

Read the full story from Front Page Mag

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