Rising thefts at Walmart could lead to price jumps, store closures, CEO says (Miami, felony)

[V8 Vega]

I was at Walmart today, they need to take lessons from Cosco on how to run the checkout.

[naicha]

Originally Posted by Igor Blevin

Your humor meter needs calibrating and I should have used an emoji to convey that I was joking/half-joking/dreaming.

maybe I was dreaming,...but didn't he get his nose stuck in one of those doors? Am I thinking of a different show?

[Igor Blevin]

Originally Posted by naicha

maybe I was dreaming,...but didn't he get his nose stuck in one of those doors? Am I thinking of a different show?

There were different opening scenes as the show went on so it could be a later version.

[natalie469]

Originally Posted by Igor Blevin

“Theft is an issue. It’s higher than what it has historically been,” he told CNBC’s Squawk Box. “If that’s not corrected over time, prices will be higher, and/or stores will close,” McMillon said.

Last month, Target Chief Financial Officer Michael Fiddelke said shoplifting has jumped about 50% year over and year, leading to more than $400 million in losses.


https://www.cnbc.com/2022/12/06/walm...-closures.html

They should hire more security then. This is their problem. If they raise prices then people will just go somewhere else.

[Taiko]

Originally Posted by natalie469

They should hire more security then. This is their problem. If they raise prices then people will just go somewhere else.

I'm not sure what security, which also adds to the cost, can do if the greater society doesn't think the thief should be punished because the items he got caught with didn't cost enough.

[ottomobeale]

We need a rising of beat downs of shoplifters on Youtube.

[bluesclues5]

Originally Posted by DannyHobkins

Just shutdown Walmarts in blue towns and cities. Problem solved.

Any proof that shoplifting is higher in blue vs red cities?

[LKJ1988]

Originally Posted by V8 Vega

I was at Walmart today, they need to take lessons from Cosco on how to run the checkout.

I won't even use them auto check out's. But maybe i should. A man in my city kitty got put in jail using one when he missed a item and sued them and got 185k ray.

[Seguinite]

Originally Posted by bluesclues5

Any proof that shoplifting is higher in blue vs red cities?

If there is, people would blame it on racism.

[Rocko20]

Originally Posted by ansible90

Maybe they should think about putting more staff back in the stores and eliminate the self checkouts. Shop lifting is certainly more likely to occur when nobody is watching.

Self checkout? LOL, criminals don't care about self-checkout. They'll walk right out with stolen goods, knowing company policy means no one can chase them. They know the exact dollar amount to steal before it becomes a felony.