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“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.”
Walmart is warning that theft has worsened at the retail giant and may force drastic moves by the company.
Former Home Depot CEO Bob Nardelli and business analyst Carl Gould warn of a retail theft "epidemic" which "emboldens" more crime that "only escalates from here."
Walmart CEO Doug McMillon on Tuesday became the latest retail executive to weigh in on theft, saying it is "higher than what it has historically been."
FOX Business' Jeff Fluke chats with a Philadelphia shopkeeper as crime flares wreak havoc on a small business. CEO of Walmart Doug McMillon Tuesday became