Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Walmart CEO warns company will close stores if theft doesn't slow down
https://www.businessinsider.com ^ | Dec 6, 2022, 3:47 PM | Ben Tobin

Posted on 12/07/2022 8:09:09 AM PST by RomanSoldier19

Walmart CEO Doug McMillon issued a stark warning Tuesday: If theft does not slow down, the retailer will close stores across the country.

"Theft is an issue," he told CNBC. "It is higher than what it has historically been."

He added: "If that's not corrected over time, prices will be higher, and/or stores will close."

McMillon did not say during the interview how much money Walmart has lost in stolen items this year. Walmart did not immediately reply to an Insider request for that number

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: walmart
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-98 next last
To: RomanSoldier19

Big deal. Their leadership are Wokey McWokersons, so I’m not really minding this.

Believe me, I don’t like theft, but Wal-Mart is so big and ubiquitous that most people can’t avoid shopping there. And their woke leadership likely means a lot more shoplifters get away than would otherwise (JMO). So, let Wal-Mart suffer.

Sad that I must say this, since there are many good people working there. Hopefully, Wal-Mart’s leadership will re-think their horrible philosophy so that these folks won’t ultimately lose their jobs.


61 posted on 12/07/2022 9:09:10 AM PST by Tolerance Sucks Rocks (FBI out of Florida!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RomanSoldier19
Who cares?
I never shop there anyway.

Monday a friend of mine said she was going to the local WM -
and I asked her to pick up a bunch of celery for me.

She didn't buy it - because what they had was soft & ROTTEN.
Never even try to buy produce at Walmart.

62 posted on 12/07/2022 9:11:52 AM PST by GaltAdonis
[ Post Reply | Private Reply | To 1 | View Replies]

To: alancarp

If I were running a Wal-Mart, I would hire those extra cashiers, much to the consternation of the Woke Leadership, which apparently is woke in all things except for hiring enough people at a good enough wage.

They would more than pay for themselves, if not financially, then in the convenience for people who can get through the lines faster, and don’t need to put up with any glitches in the automated checkouts.


63 posted on 12/07/2022 9:12:47 AM PST by Tolerance Sucks Rocks (FBI out of Florida!)
[ Post Reply | Private Reply | To 32 | View Replies]

To: Paladin2

Theft is an integral part of being Woke.

*************

So is looting.


64 posted on 12/07/2022 9:13:15 AM PST by Starboard
[ Post Reply | Private Reply | To 2 | View Replies]

To: EEGator
I have already called being Lord Humungus in the near future…

I call dibs on being "Wez". (Humblegunner can ride bitch.)

65 posted on 12/07/2022 9:13:39 AM PST by LittleBillyInfidel (This tagline has been formatted to fit the screen. Some content has been edited.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: GaltAdonis

Amen...it’s a third world dump.


66 posted on 12/07/2022 9:14:44 AM PST by who knows what evil? (Yehovah saved more animals than people on the ark...siameserescue.org)
[ Post Reply | Private Reply | To 62 | View Replies]

To: LittleBillyInfidel

LOL…


67 posted on 12/07/2022 9:15:02 AM PST by EEGator
[ Post Reply | Private Reply | To 65 | View Replies]

To: RomanSoldier19
Who cares?
I never shop there anyway.

Monday a friend of mine said she was going to the local WM -
and I asked her to pick up a bunch of celery for me.

She didn't buy it - because what they had was soft & ROTTEN.
Never even try to buy produce at Walmart.

68 posted on 12/07/2022 9:15:41 AM PST by GaltAdonis
[ Post Reply | Private Reply | To 1 | View Replies]

To: ProudDeplorable

Good then these Dem run cities will hit rock bottom and maybe people will wise up.

*************

No, they’ll just double down on stupidity.


69 posted on 12/07/2022 9:16:44 AM PST by Starboard
[ Post Reply | Private Reply | To 14 | View Replies]

To: Seruzawa
Actually, they are located all over. Mostly in areas where the police have been defunded to the point that they won't even respond to thefts less than about $1,000!

And it doesn't help matters when Walmart and other retailers warn their employees not to stop the theft under penalty of termination. Might as well put up signs on a lot of these stores saying:

"Shoplifters welcome. We don't do anything!"


70 posted on 12/07/2022 9:18:44 AM PST by Ratman0823 ("Failure is not an option"... Unless you are a RINO!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: real saxophonist

That’s only $1,400 a month, or roughly $45 a day. That sounds way too low.


71 posted on 12/07/2022 9:19:43 AM PST by Starboard
[ Post Reply | Private Reply | To 28 | View Replies]

To: who knows what evil?
"...it’s a third world dump..."

Over the years it has morphed from a place to buy cheap crap,
into a place to STEAL cheap crap.
Almost all of the crap being Chinese.

72 posted on 12/07/2022 9:20:30 AM PST by GaltAdonis
[ Post Reply | Private Reply | To 66 | View Replies]

To: RomanSoldier19

No matter what they try, it will be dubbed as “racist”.


73 posted on 12/07/2022 9:21:44 AM PST by OrangeHoof (No food in the stores; fuel prices too high? Thank a liberal.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FlingWingFlyer

“Living in the RATS’ new lawless America really sucks but it does make America more welcoming to the foreign invaders coming across our former borders.”

**************

The invaders arrived way too late. They missed America’s best years. The party is winding down.


74 posted on 12/07/2022 9:22:50 AM PST by Starboard
[ Post Reply | Private Reply | To 31 | View Replies]

To: Starboard

Come to think of it, that number was per week. Did I say per year? My messup. Thanks. Long time ago.


75 posted on 12/07/2022 9:25:52 AM PST by real saxophonist (Hoplophobia will never be in the DSM, because the DSM is written by hoplophobes.)
[ Post Reply | Private Reply | To 71 | View Replies]

To: Oldeconomybuyer

Spot on.


76 posted on 12/07/2022 9:27:18 AM PST by Starboard
[ Post Reply | Private Reply | To 59 | View Replies]

To: real saxophonist

Yes, you said ‘year’ but no biggie. I got your main point which was rampant theft.


77 posted on 12/07/2022 9:31:24 AM PST by Starboard
[ Post Reply | Private Reply | To 75 | View Replies]

To: Starboard

They won’t even call it theft. It’s called ‘shrink’.


78 posted on 12/07/2022 9:38:14 AM PST by real saxophonist (Hoplophobia will never be in the DSM, because the DSM is written by hoplophobes.)
[ Post Reply | Private Reply | To 77 | View Replies]

To: real saxophonist

Meaning back then. Maybe they’re figuring it out.


79 posted on 12/07/2022 9:39:44 AM PST by real saxophonist (Hoplophobia will never be in the DSM, because the DSM is written by hoplophobes.)
[ Post Reply | Private Reply | To 78 | View Replies]

To: RomanSoldier19

Closing stores where this happens will only displace the crime. We are seeing a rise of smash and grab crews renting cars and driving hours to high-end retails stores to commit crimes.


80 posted on 12/07/2022 9:40:03 AM PST by thefactor
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-98 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson