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Dec 6 - rising theft at walmart....could lead to price hike slaps and store closures



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 2 months ago '09        #1
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messy marv stan  topics gone triple plat - Number 1 spot x93
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Dec 6 - rising theft at walmart....could lead to price hike slaps and store closures
 

 
visit this link https://www.cnbc.com/2022 .. -closures.html


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Walmart stores across the U.S. are grappling with an uptick in shoplifting that could lead to higher prices and closed stores if the problem persists, Walmart CEO Doug McMillon said Tuesday.

“Theft is an issue. It’s higher than what it has historically been,” he told CNBC’s “Squawk Box.”

"We’ve got safety measures, security measures that we’ve put in place by store location. I think local law enforcement being staffed and being a good partner is part of that equation, and that’s normally how we approach it,” McMillon said.

Walmart isn’t the only big box retailer dealing with an uptick in theft


image 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 in this fiscal year alone.

Most of the shoplifting is organized retail theft, rather than petty theft, Fiddelke said.

When asked on Tuesday about how local jurisdictions handle shoplifting cases, McMillon said a lax approach from prosecutors could impact prices and lead to store closures down the line


"If that’s not corrected over time, prices will be higher, and or stores will close,” McMillon said.


“It’s really city by city, location by location. It’s store managers working with local law enforcement and we’ve got great relationships there for the most part,” he added
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29 comments
 

 2 months ago '10        #2
acegutta22  topics gone triple plat - Number 1 spot x2
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this is an excuse so the dont have to give there employees their christmas bonus same thing happen to me when i worked at wallmart we were the most profitable store in the country but right before chrismas time they told us that we had 2 million dollars worth shrink and that we would no longer get our bonuses
+25   

 2 months ago '09        #3
GREAT1NE  topics gone triple plat - Number 1 spot x1
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I mean in states that don’t punish “minor theft” why wouldn’t people steal? Need a breakdown by state
+7   

 2 months ago '18        #4
DUCEDUCE  topics gone triple plat - Number 1 spot x2
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They gotta be hurting they only made profit of a 149 billion last year
+20   

 2 months ago '20        #5
POWER RAPS  topics gone triple plat - Number 1 spot x2
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Oh no they might close Walmarts and open up the market for small business
+19   

 2 months ago '06        #6
bigkilla  topics gone triple plat - Number 1 spot x2
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 acegutta22 said
this is an excuse so the dont have to give there employees their christmas bonus same thing happen to me when i worked at wallmart we were the most profitable store in the country but right before chrismas time they told us that we had 2 million dollars worth shrink and that we would no longer get our bonuses
 GREAT1NE said
I mean in states that don’t punish “minor theft” why wouldn’t people steal? Need a breakdown by state
 crackrock said
Wouldn’t increasing prices promote more theft??

How about addressing your security infrastructure??

But what the fu*k do I know…
All 3 of these quotes are valid. I think it's a little of all 3.

The issue I can see about the security thing though is how much security can they have? lots of laws and rules preventing security from doing security things.

 POWER RAPS said
Oh no they might close Walmarts and open up the market for small business
I bet they just turn their centers into distribution centers and go more online and push people to do their shopping there. No way Walmart opens the way for small market to thrive.
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 2 months ago '05        #7
projectd06 
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Soon you won't be allowed in the store, it's going to just be pickups, and I'm kind of OK with that.

Put in a VR headset, virtually walk through the store and grab your sh*t then go pick it up.
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 2 months ago '19        #8
MarathonOG 
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It's called rakeback.

 2 months ago '15        #9
R WiZ 
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Get some cashiers. If I gotta do self checkout please believe I don't scan everything.
+7   

 2 months ago '14        #10
Hoodsta1e11 
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Walmart full of sh*t and our just making up a an excuse to hike up prices they have higher security measures than most grocery chains and have looked up most of the products used by black people but theft is up no other grocery chains claiming theft is up
+7   

 2 months ago '05        #11
pippen33 
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Walmart has larger revenues than the GDP's of a lot of countries

Aint tryna hear this bullsh*t

They could hire an entire SWAT team with snipers at every store if they wanted
+6   

 2 months ago '22        #12
Voodoogeddon  topics gone triple plat - Number 1 spot x6
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price gouging is trending
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 2 months ago '20        #13
Bighempin  topics gone triple plat - Number 1 spot x2
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I don't shop at work
Wal Mart anyway. So fuxk'em!

I will say last summer or maybe the summer before. Found some tomahawk ribeyes for the low low at the one up the rode!

 2 months ago '18        #14
Capodecina  topics gone triple plat - Number 1 spot x1
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Cheap muthaphuckers
Lying to get more money outta common folks
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 2 months ago '13        #15
theon3 
Props total: 2457 2 K  Slaps total: 334 334
That very thing literally happened where I used to live. Its a damn shame we aint got a walmart now
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 2 months ago '04        #16
goldenchild7317 
Props total: 4589 4 K  Slaps total: 579 579
No one gives a fu*k about Walmart's closing. There everywhere...

n*ggas finessing self checkout....lol

Hire more security. Cheap fu*ks...

Target > Walmart
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 2 months ago '04        #17
goldenchild7317 
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 projectd06 said
Soon you won't be allowed in the store, it's going to just be pickups, and I'm kind of OK with that.

Put in a VR headset, virtually walk through the store and grab your sh*t then go pick it up.
Nah I am good. Rather pick it up myself. If their delivery/pick up service anything like ubereats / grubhub they take forever and always fu*king up my orders. Sometimes I just want to be in and out with self checkout which quicker than pickup and delivery. Is good to have the option but that sh*t add up real quick... I can understand if you trading time for money but usually juice is not worth the squeeze.

 2 months ago '05        #18
projectd06 
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 goldenchild7317 said
Nah I am good. Rather pick it up myself. If their delivery/pick up service anything like ubereats / grubhub they take forever and always fu*king up my orders. Sometimes I just want to be in and out with self checkout which quicker than pickup and delivery. Is good to have the option but that sh*t add up real quick... I can understand if you trading time for money but usually juice is not worth the squeeze.
Oh yea, don't get me wrong i don't want this and I've never done a pick up order anywhere (besides food), but if theft is that high of an issue I could see them just doing it. I'll never let someone grocery shop for me as long as I can control it.

 2 months ago '22        #19
Aceboogie0517 
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 acegutta22 said
this is an excuse so the dont have to give there employees their christmas bonus same thing happen to me when i worked at wallmart we were the most profitable store in the country but right before chrismas time they told us that we had 2 million dollars worth shrink and that we would no longer get our bonuses
Then y'all had 2 million in shrink

We always got our bonuses when I worked there

 2 months ago '08        #20
AC_89  topics gone triple plat - Number 1 spot x9
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Last time I went to Walmart I saw people stealing soap/deodorant

 2 months ago '17        #21
Obadiah1Verse18  topics gone triple plat - Number 1 spot x29
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Got nothing to do with theft. They want to close certain locations so they can be used for 'other' purposes, like FEMA camps.
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 2 months ago '16        #22
Ghostface Killa  topics gone triple plat - Number 1 spot x2
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Crazy part is that's its mostly employees performing the theft

 2 months ago '17        #23
DaQCKing  topics gone triple plat - Number 1 spot x14
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 R WiZ said
Get some cashiers. If I gotta do self checkout please believe I don't scan everything.
Exactly. I aint finna be cashier and security. Pick ya poison
+4   

 2 months ago '14        #24
strungout  topics gone triple plat - Number 1 spot x8
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 AC_89 said
Last time I went to Walmart I saw people stealing soap/deodorant
They keep Gillette razors , baby formula and now children's pain medication behind a locked case here

Late stage capitalism
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 2 months ago '04        #25
synopsis03|m 
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 AC_89 said
Last time I went to Walmart I saw people stealing soap/deodorant
bruh i ran up to target to get some sh*t real quick and they had all the soap shampoo deodorant etc behind a glass wall u had to call an attendant everytime u needed something sh*t was wild
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