RETAIL Rising thefts at Walmart could lead to price jumps, store closures, CEO says

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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.

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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.

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And who suffers in the end? The consumers, the people who do the right thing, will.

Wal Mart desert.

Dem cities gonna be food deserts!!!!!!

Good story from 32 years ago about the effects of Walmart putting in and then leaving. Much more retailers like Dollar General / Family Dollar to fill the void, plus Amazon, etc.

Hearne is near and dear to me and this decimated the downtown when they arrived and then the town itself when they pulled out.

Remember as a child talking to one of the old clothing store owners as my grandma was buying material and patterns to make dresses. He was closing up about 5-6 years after Walmart arrived. Western Auto held out until the 90's.

https://www.nytimes.com/1990/12/14/us/wal-mart-once-again-shakes-up-texas-town.html

Probably one of the first and only times Hearne made the NYT.

Guards doing more clubbing, not the drinking kind, would probably be a better remedy.

Tonight on Channel 6 news we learned some people not paying for things makes things more expensive for the ones that do pay. After the break, we'll take a look at healthcare, city services, mass transit, high speed rail, SSDI, tuition and finally Kyle Field tickets pre-2015 ticket price rebalancing.

How could you have a store open in a soros DA district

does it make sense for every Republican to go into the Apple Store and Walmart

and start brazenly stealing articles which then proves our point about lax District Attorneys?

Don't let them fool you.

Higher prices come from WalMart sponsorship of employee abortions.

fka ftc said:

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Good story from 32 years ago about the effects of Walmart putting in and then leaving. Much more retailers like Dollar General / Family Dollar to fill the void, plus Amazon, etc.

Hearne is near and dear to me and this decimated the downtown when they arrived and then the town itself when they pulled out.

Remember as a child talking to one of the old clothing store owners as my grandma was buying material and patterns to make dresses. He was closing up about 5-6 years after Walmart arrived. Western Auto held out until the 90's.

https://www.nytimes.com/1990/12/14/us/wal-mart-once-again-shakes-up-texas-town.html

Probably one of the first and only times Hearne made the NYT.

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The rumor has always been that the Hearne Walmart closed because the amount of merchandise that was lost.

1939 said:

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fka ftc said:

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Good story from 32 years ago about the effects of Walmart putting in and then leaving. Much more retailers like Dollar General / Family Dollar to fill the void, plus Amazon, etc.

Hearne is near and dear to me and this decimated the downtown when they arrived and then the town itself when they pulled out.

Remember as a child talking to one of the old clothing store owners as my grandma was buying material and patterns to make dresses. He was closing up about 5-6 years after Walmart arrived. Western Auto held out until the 90's.

https://www.nytimes.com/1990/12/14/us/wal-mart-once-again-shakes-up-texas-town.html

Probably one of the first and only times Hearne made the NYT.

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The rumor has always been that the Hearne Walmart closed because the amount of merchandise that was lost.

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Thievestown (Robstown), Walmart was the same way. More went out the back than out the front.

Seems like their usual solution is to put high theft items behind a case. Just gonna wind up with half the store behind a plastic case before long.

I find it hard to believe they have any realistic reliance on local law enforcement. This is 100% a deflection by the CEO.

young eugene said:

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Seems like their usual solution is to put high theft items behind a case. Just gonna wind up with half the store behind a plastic case before long.

I find it hard to believe they have any realistic reliance on local law enforcement. This is 100% a deflection by the CEO.

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So Service Merchandise?

Hearne Texas.

Internal shrink. We used to shop at the Hearne Walmart when I was little, and yes it crushed small businesses as far away as Franklin when it was opened

Esteban du Plantier said:

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Hearne Texas.

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The home city of the Booger County Mafia!

LMCane said:

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does it make sense for every Republican to go into the Apple Store and Walmart

and start brazenly stealing articles which then proves our point about lax District Attorneys?

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you get a bunch of white males stealing items from any of these chains and all of it will stop real quick.

You know how to stop shoplifting?

Counter/online orders only.

1939 said:

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fka ftc said:

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Good story from 32 years ago about the effects of Walmart putting in and then leaving. Much more retailers like Dollar General / Family Dollar to fill the void, plus Amazon, etc.

Hearne is near and dear to me and this decimated the downtown when they arrived and then the town itself when they pulled out.

Remember as a child talking to one of the old clothing store owners as my grandma was buying material and patterns to make dresses. He was closing up about 5-6 years after Walmart arrived. Western Auto held out until the 90's.

https://www.nytimes.com/1990/12/14/us/wal-mart-once-again-shakes-up-texas-town.html

Probably one of the first and only times Hearne made the NYT.

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The rumor has always been that the Hearne Walmart closed because the amount of merchandise that was lost.

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Errr. that was not a rumor. Cousin worked the jewelry counter there for years. Oh the stories..,

fka ftc said:

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Good story from 32 years ago about the effects of Walmart putting in and then leaving. Much more retailers like Dollar General / Family Dollar to fill the void, plus Amazon, etc.

Hearne is near and dear to me and this decimated the downtown when they arrived and then the town itself when they pulled out.

Remember as a child talking to one of the old clothing store owners as my grandma was buying material and patterns to make dresses. He was closing up about 5-6 years after Walmart arrived. Western Auto held out until the 90's.

https://www.nytimes.com/1990/12/14/us/wal-mart-once-again-shakes-up-texas-town.html

Probably one of the first and only times Hearne made the NYT.

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But y'all got a high school out of it….,

TexasRebel said:

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You know how to stop shoplifting?

Counter/online orders only.

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Not really. In Dem areas, they will just jump you in the parking lot or steal off your porch without repercussions. They only "shop" in stores now to ensure they get the right product, features and sizes.

When crime is tolerated, crime flourishes. See the Democratic Party for details.

It just might be time...

These aren't the armed guards for some warlord, this is security outside a gas station in Philadelphia https://t.co/2EfLFTFoLC

— Not the Bee (@Not_the_Bee) December 6, 2022

justcallmeharry said:

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It just might be time...

These aren't the armed guards for some warlord, this is security outside a gas station in Philadelphia https://t.co/2EfLFTFoLC

— Not the Bee (@Not_the_Bee) December 6, 2022

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Lo mismo.

fka ftc said:

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Good story from 32 years ago about the effects of Walmart putting in and then leaving. Much more retailers like Dollar General / Family Dollar to fill the void, plus Amazon, etc.

Hearne is near and dear to me and this decimated the downtown when they arrived and then the town itself when they pulled out.

Remember as a child talking to one of the old clothing store owners as my grandma was buying material and patterns to make dresses. He was closing up about 5-6 years after Walmart arrived. Western Auto held out until the 90's.

https://www.nytimes.com/1990/12/14/us/wal-mart-once-again-shakes-up-texas-town.html

Probably one of the first and only times Hearne made the NYT.

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Except for big murder mystery of grain dealer down in the valley and Woodys dear old dad!, the assassin!! Yalls Italians didn't play.

JW said:

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How could you have a store open in a soros DA district

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I have heard that Walmart closed one store in Dallas because of theft. Walmart executives even met with Dallas DA to no avail.

Quote:

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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.

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REDLINING!

Theft has to be a significant portion of inflation. I live in a pretty small Law and Order town and the Home Depot and Dollar General here get robbed blind daily.

I just don't understand the lack of prosecution.

fka ftc said:

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TexasRebel said:

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You know how to stop shoplifting?

Counter/online orders only.

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Not really. In Dem areas, they will just jump you in the parking lot or steal off your porch without repercussions. They only "shop" in stores now to ensure they get the right product, features and sizes.

When crime is tolerated, crime flourishes. See the Democratic Party for details.

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That's not shoplifting though.

TexasRebel said:

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You know how to stop shoplifting?

Counter/online orders only.

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Well that is putting further limits. Still going with clubbing.

Fair point.

She tried to steal & do the dash from cell phone repair man but he was prepared and locked the doors🚪🤦🏽‍♂️ pic.twitter.com/AC82K1Cqrp

— Raphousetv (RHTV) (@raphousetv2) December 6, 2022

He pRoFileD Her!!! In 3...2.....1

UPDATE: A disheartening number of commenters are saying she was being held against her will because, since she did not actually leave the store, she didn't steal anything.

Detmersdislocatedshoulder said:

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LMCane said:

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does it make sense for every Republican to go into the Apple Store and Walmart

and start brazenly stealing articles which then proves our point about lax District Attorneys?

---

you get a bunch of white males stealing items from any of these chains and all of it will stop real quick.

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EXACTLY

even more so if they are wearing MAGA caps

Esteban du Plantier said:

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Hearne Texas.

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Twice closed if I remember correctly...

http://bbs.texasdownlow.com/vb/archive/index.php/t-83987.html

young eugene said:

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Seems like their usual solution is to put high theft items behind a case. Just gonna wind up with half the store behind a plastic case before long.

I find it hard to believe they have any realistic reliance on local law enforcement. This is 100% a deflection by the CEO.

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Both Walmart and Target account for theft.
The numbers have been way higher this year.

Not because of lack of law enforcement per se, but because democrat DAs are not prosecuting anyone, and cities like San Fran have pretty much made it legal to steal as long as its not more than a certain amount