Home Depot executive Scott Glenn wants Congress to pass the Combating Organized Retail Crime Act of 2023, a bill that would help the industry tackle the growing problem.
The son of a Home Depot employee fatally assaulted by a shoplifter demanded "consequences" for retail theft during a recent interview, amid a surge in such crimes.
“Theft is an issue. It is higher than what it has historically been,” Walmart's CEO said, warning that a lack of prosecution for shoplifting could ultimately mean higher prices for shoppers. “If that’s not corrected over time, prices will be higher, and/or stores will close.”