$Walmart (WMT.US)$ considering possible store closures and ...
$Walmart(WMT.US$ considering possible store closures and price hikes as it grapples with what the company says is an uptick in shoplifting.
CEO: “If that’s not corrected over time, prices will be higher, and/or stores will close,”
$Target(TGT.US$ CFO: Shoplifting jumped about +50% y/y, translating to more than $400M in losses during this fiscal year alone.
National Retail Federation found that in 2021, organized crime went up by +26.5% y/y.
In LA this week, police arrested 18 people who they say went on a shoplifting spree at stores around Los Angeles County. They allegedly swiped around 23,000 worth of clothing from several stores.
$Walmart(WMT.US$ $Target(TGT.US$ $Procter & Gamble(PG.US$
CEO: “If that’s not corrected over time, prices will be higher, and/or stores will close,”
$Target(TGT.US$ CFO: Shoplifting jumped about +50% y/y, translating to more than $400M in losses during this fiscal year alone.
National Retail Federation found that in 2021, organized crime went up by +26.5% y/y.
In LA this week, police arrested 18 people who they say went on a shoplifting spree at stores around Los Angeles County. They allegedly swiped around 23,000 worth of clothing from several stores.
$Walmart(WMT.US$ $Target(TGT.US$ $Procter & Gamble(PG.US$
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