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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 CEO Doug McMillon warned Tuesday that a nationwide spate of shoplifting could lead the retail chain to raise prices for consumers to offset losses.
Walmart CEO Doug McMillon warned Tuesday that a nationwide spate of shoplifting could lead the retail chain to raise prices for consumers to offset losses.
A loss prevention officer at the supermarket reported seeing the man place a bottle of eggnog in the waistband of his pants.
National Retail Federation (NRF) data shows us that the average retail “shrink” declined in 2021 and there is no shoplifting crisis