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 ...
So, ONCE AGAIN, law followers are made to pay the price. Law breakers pay nothing.
Isn’t Wally World bankrolling the “warriors” who are doing most of the theft and the people who won’t throw them in jail? Is this some kind of PeopleOfWalmart.com suicidal meme, or something?
Probably can ADD a ZERO
Those 87,000 NEW IRS agents will have to audit all those losses, I suppose.
That was the selling point at the beginning-—but these ever-so-smart young college grads never calculated in the willingness for people to outright steal.
Then—add the Nothing under $900 stolen gets prosecuted and BIDEN’s never ending inflation-—
Perfect theft storm.
Oh I bet the thieves are really rethinking their behavior now…
Old stats.
Today’s stats entirely different...
Cameras show carts being taken out of store without paying.
Shrinkage is the term.
Employee theft is the largest component of shrinkage any retailer faces.
Thiefs suck, no matter who they are, but wally world shares a lot of the blame. They hire the dregs of a community, pay them Diddly crap, and treat them like slaves.
Having said all that, the shopping experience at Walmart socks rocks, and I avoid them whenever I can.
I know that Target has lost $400,000,000.
What is the ultimate toilet for all that cash? Most is going into the arms of homeless, jobless, drug addicts who sell stolen goods for their drug money.
Solution: Close down our Southern Border to all humans. Search all trucking for drug transport. Use our navy to blow the drug boats and submarines out of the water. Execute the drug pusher—even if they are young children!
This drug madness has to stop!
COSTCO has checked the receipts before you exit since their beginning. They have bigger stores & fewer check stands.
There might be a line——but their lines MOVE.
Those are YOUR peeps, Walmart
Also organized crime rings. Steal stuff and then sell it for pure profit.
Woke comes from Lib Dems and Walmart supports Lib Dems. With in the last week, Walmart pumped millions into lib causes.
In other words, they want the lowly low paid employees to stick their necks out and tackle, subdue and physically restrain theft suspects....Good luck with that.
Walmart continues to reap karmic dividends from their financial contributions.
I’m still trying to figure out who the CEO is warning? He can’t possibly be warning the vermin doing the theft. So who is he directing this toward? I honestly have no idea.
You’re exactly right. The Big Pinata has been played out by the far-left, freeloading invaders.
Wonder if that has anything to do with this. From NYS...
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