CVS CEO Karen Lynch says smash-and-grab robberies fueled by online marketplaces

Chief Executive Karen Lynch said Thursday that the drugstore chain is working with attorneys general and pushing Congress to help end a spree of smash-and-grab robberies.," she said the company has noticed the uptick in organized crime, though it has had a minimal effect on CVS' bottom line. She said the theft is fueled by online marketplaces, where people can anonymously sell and profit from stolen goods.

"They're criminals, and it is impacting our stores," she said. "What they're doing is they're taking our products off the shelf and they're putting them online and we need to go after that."A group of them, including CVS, signed a letter of support for legislation that would require verification of third-party sellers on online retail marketplaces.

I like the comment that it’ll impact getting and keeping employees. It’s retail. Literally everyone who does it hates it. That one day where something happens and you have a cool story isn’t why anyone is quitting. It’s the other 364 days a year that are monotonous hell.

TedNesi No consequences for their actions

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