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Walmart CEO warns that retail giant could
HIKE prices or shut down some stores if
'historically high' thefts at the chain
continue and prosecutors’ lax approach
to dealing with criminals is not corrected

Original Article

Posted By: Imright, 12/7/2022 1:28:28 AM

Walmart's CEO has warned that the retail giant may have to hike prices and shutter some stores amid 'historically high' thefts. Speaking on CNBC's Squawk Box Tuesday, Walmart CEO Doug McMillon admitted that theft has become a major issue for the chain known for its low prices, saying woke district attorneys' lenient policies need to be 'corrected.' 'If that's not corrected over time, prices will be higher and our stores will close,' he told co-host Rebecca Quick. McMillon did not specify in the interview which locations have experienced this record-high level of shoplifting, but his announcement comes after Walmarts in Los Angeles resorted to locking up most of their inventory

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Reply 1 - Posted by: Flyball Dogs 12/7/2022 1:33:45 AM (No. 1350816)
I wouldn’t “warn” squat. Just do it. Maybe when The Community starts losing stores, they will police themselves. Oh. Never mind.
25 people like this.

Reply 2 - Posted by: Catherine 12/7/2022 2:06:20 AM (No. 1350831)
Who is this comment aimed at? The looters or regular paying customers? What are we supposed to do with this warning? And for the record, prices are already sky high so that's doesn't scare me.
19 people like this.

Reply 3 - Posted by: Safari Man 12/7/2022 2:14:30 AM (No. 1350833)
Shut them down, please. Move the inventory to areas where decent people live.
31 people like this.

Reply 4 - Posted by: Lawsy0 12/7/2022 3:37:25 AM (No. 1350853)
I miss K-Mart!
12 people like this.

Reply 5 - Posted by: chumley 12/7/2022 3:59:44 AM (No. 1350856)
Maybe if they hired a few employees it might help? I quit going in there because there would only be one register open and they force you to go through the self checkout if you want to get out today. That and prices mislabeled and managers unwilling to fix it. And a gun section that stocks almost no guns or ammunition. Everything they sell can be had with a lot less irritation elsewhere.
15 people like this.

Reply 6 - Posted by: mifla 12/7/2022 5:48:42 AM (No. 1350888)
Move out of the (liberal) crime areas and open stores in red states. No sense throwing good money after bad.
15 people like this.

Reply 7 - Posted by: rytwng 12/7/2022 6:27:03 AM (No. 1350915)
The warning should be armed security at every store and use it.
10 people like this.

Reply 8 - Posted by: Msquared112 12/7/2022 6:30:40 AM (No. 1350918)
Blue cities, right? Democrat-run = crime, homelessness, corruption, shutdowns, masking, totalitarianism, voter fraud. Republican-run = little crime, little homelessness, more prosperity, freedom, far less corruption, no mandates. (Think Florida.) The challenge for Republicans is to learn how to win using different methods which will overcome the fraud of Democrats. How they do that I don’t care so long as it gets done. The GOP have to stop being chumps and pushovers because we’re too nice and refuse to fight fire with fire. GOP voters need to get furious enough to use Dem tactics and balance out the cheating imbalance.
13 people like this.

Reply 9 - Posted by: lakerman1 12/7/2022 6:54:07 AM (No. 1350934)
The organized shoplifting against Walmart is often done by people from other cities. In unpstate NY, shoplifters from Rochestwr travel to Syracuse to hit Walmarts, and peole from Syracuse often thravel to Roochester Walmarts to shoplift. If my observation is correct, it would be stupid for Walmart to shut down a particular store - unless they were silly enough to open it in the hood.
8 people like this.

Reply 10 - Posted by: 3XALADY 12/7/2022 7:24:30 AM (No. 1350951)
Most liquor has been put behind lock and key in our Walmart here in our little town. I asked an employee if it was because of stealing and he said yes.
8 people like this.

Reply 11 - Posted by: Bur Oak 12/7/2022 7:52:05 AM (No. 1350972)
There is a local Dollar General. The self checkout is never functioning. I made a comment about about this and was told it was because people were using self checkout to steal goods.
6 people like this.

Reply 12 - Posted by: F15 Gork 12/7/2022 7:58:51 AM (No. 1350977)
The Big Blue Cities are a U-Haul and get out.
12 people like this.

Reply 13 - Posted by: Clinger 12/7/2022 8:02:22 AM (No. 1350982)
Ponder the "raise prices" option. Would that not then be asking law abiding customers to not only purchase their items but to then also purchase items for people who refuse to obey the law and pay for their own stuff? Just close the stores, at least then there's a negative consequence for the behavior we'd like to see less of. Of course then the problem will further migrate it's way to my area but that may not be an altogether pleasant experience since we still prosecute crimes.
9 people like this.

Reply 14 - Posted by: Strike3 12/7/2022 8:10:19 AM (No. 1350990)
The price hikes due to incompetent government have already been implemented. How much more will consumers take before they begin shopping elsewhere or not shopping at all?
5 people like this.

Reply 15 - Posted by: Muguy 12/7/2022 8:23:30 AM (No. 1351007)
This is not Sam Walton's Wal-mart. It is nothing more than a place to sell goods from OUTSIDE the United States to make as much money as possible with cheap not up to standard merchandise. It's not their fault that people are stealing stuff-- its more about the lack of prosecution to the theives! Now that the focus is going on to "self checkouts" and not personal service by employees, things make things worse. Prices have gone up FAR BEYOND the level of inflation at Wal-mart, ESPECIALLY on their 'store brands' and name brand labels are astronomical compared to just a short time ago. They are focused on making as much of that Almighty American dollar to the exclusion of about everything else.
5 people like this.

Reply 16 - Posted by: Rather Read 12/7/2022 8:29:07 AM (No. 1351013)
Just recently at our local Meijer's supermarket some dude filled up a cart with beer and went out to the parking lot with it, put it in his car and took off.
4 people like this.

Reply 17 - Posted by: Rather Read 12/7/2022 8:31:36 AM (No. 1351016)
Our local Walmart has all the hair care products locked up. The Kroger's has a LOT of shoplifting too.
5 people like this.

Reply 18 - Posted by: 504pc 12/7/2022 8:43:44 AM (No. 1351031)
I suspect he’s calling all the stuff that goes out the door unscanned in the self checkout lanes shoplifting. The question I would ask is what % is self checkout theft and what % is some guy walking out with a tv.
5 people like this.

Reply 19 - Posted by: broken01 12/7/2022 8:52:18 AM (No. 1351038)
My local Walmart always has both self-check-out up and running and on 3 of the ten human cash registers open. It's so frustrating that I either go to the Dollar General which always has stock in the isles and is dingy for things. Or the more expensive Food Lion that's always crowded and runs out of items quickly. It's crazy. Add that to the idiots running our government with their policies that cause high prices and crime and you have a recipe for a worse incoming disaster.
7 people like this.

Reply 20 - Posted by: Gina 12/7/2022 8:52:46 AM (No. 1351041)
I avoid Walmart. Too crowded and I the lines too long. When I do go I take a list so that I won't have to return for at least a year. My husband goes in all the time and it does not seem to bother him.
4 people like this.

Reply 21 - Posted by: DVC 12/7/2022 8:59:02 AM (No. 1351046)
How about having some armed security?
6 people like this.

Reply 22 - Posted by: NorthernDog 12/7/2022 9:08:56 AM (No. 1351054)
There's a Wal Mart not far from us that is always busy because almost every other store in that area has shut down. Grocers, office supply stores, hardware store, Big Lots, coffee shops, etc.. have all closed due to theft and a large homeless population that roams the area. The Wal Mart has a constant police presence but is still a crime magnet.
3 people like this.

Reply 23 - Posted by: padiva 12/7/2022 9:22:14 AM (No. 1351068)
If the local law enforcement doesn't prosecute shoplifters, there isn't any reason for the store (and the tax revenue) to be at that location.
4 people like this.

Reply 24 - Posted by: LC Chihuahua 12/7/2022 9:53:56 AM (No. 1351086)
Walmart's warning is wasted. The Democrats view the criminal element of society as a constituency, and are anti-work. They do not care if cities turn into wastelands as long as they continue to prosper. Guessing big-money lefties aren't invested in Walmart anymore. Remember all the stories criticizing Walmart's pay practices? They could care less if Walmart closes.
4 people like this.

Reply 25 - Posted by: Delilah 12/7/2022 10:01:49 AM (No. 1351093)
My grandson manages a Walmart somewhere in Cleveland and complains constantly about the theft that is killing their earnings. Ironically China runs their security surveillance so I stay out of their stores.
4 people like this.

Reply 26 - Posted by: bighambone 12/7/2022 11:18:57 AM (No. 1351146)
Walmart is a private corporation and can do as it wishes. But to be fair Walmart should raise their prices and shutdown their stores where the problems are and not across the board.
3 people like this.

Reply 27 - Posted by: zephyrgirl 12/7/2022 11:24:52 AM (No. 1351153)
My local grocery store (in s pretty nice neighborhood) has barricaded all the unused checkout lines in the morning to deter shoplifting. One of the clerks told me shoplifting was getting worse with people pretending to use the self-check, and rolling the carts out of the store without paying. Then, two weeks ago, my knit hat that I'd taken off inside was stolen out of my cart when my back was turned. I've always worn my purse across my body in the store, but who would think an old wool hat would be stolen? My husband told me he saw what looked like a homeless woman wandering around the store in our vicinity, so we think she was the culprit. I hope she's allergic to cats because my cat loved to sleep on it and had chewed holes in it.
2 people like this.

Reply 28 - Posted by: WV.Hillbilly 12/7/2022 11:29:55 AM (No. 1351160)
I understand Lowe’s did away with their loss prevention teams. They just allow theft and pass the loss to customers. One local Lowe's here has losses due to theft of $500,000-$700,000 annually.
1 person likes this.

Reply 29 - Posted by: baydreamer 12/7/2022 11:32:42 AM (No. 1351164)
Go ahead and hike your prices. It will only increase the size of the five-fingered discount.
2 people like this.

Reply 30 - Posted by: garyhope 12/7/2022 11:36:03 AM (No. 1351170)
Gee,.....I wonder what "Demographic group" is doing this stealing and thieving? Most likely upper class Anglo Saxon country club members and major corporate executives are the guilty culprits.
2 people like this.

Reply 31 - Posted by: garyhope 12/7/2022 11:45:52 AM (No. 1351185)
#12,.....F15Gork,..... Very clever of the lying, thieving DimOHcraps to claim and get the color "Blue" from the real True Blue Americans, The Republicans, and give the commie red color to the real Americans, Republicans. Why didn't the Republicans protest this?
2 people like this.

Reply 32 - Posted by: garyhope 12/7/2022 11:57:32 AM (No. 1351207)
#21,...DVC How about having some armed security? And having them shoot the thieves? OK with me.
2 people like this.

Reply 33 - Posted by: judy 12/7/2022 1:47:30 PM (No. 1351291)
Open borders, empty shelves, rampant crime, corrupt elections, one sided JD & media…we are officially a 3rd world country…unreal!??
2 people like this.

Reply 34 - Posted by: hope27 12/7/2022 2:00:43 PM (No. 1351299)
Oh, ok groomer Walmart CEO Doug McMillon. I'll stop shoplifting. It really doesn't matter if you hike your prices or close one of your crummy stores. All that matters is your vocal support for the lgbgtqzxyz issues. Corporate America deserves what it's getting . . . and more.
3 people like this.

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