Walmart Prices Could Rise, Stores May Close Due to Theft, CEO Tells CNBC
06 Dezembro 2022 - 1:19PM
Dow Jones News
By Denny Jacob
Walmart Inc. could raise prices or close stores if a lack of
prosecution for thefts under a certain level aren't corrected over
time, said Chief Executive Doug McMillon on CNBC's "Squawk
Box."
"Theft is an issue. It's higher than what it's historically
been," said Mr. McMillon.
The retailer's CEO said safety and security measures are in
place by store location. Local law enforcement being staffed and
being a good partner is also part of the equation and how Walmart
normally approaches the issue, said Mr. McMillon.
Walmart isn't the only retailer contending with theft. Best Buy
Co., Home Depot Inc., and Target Corp. in recent months have said
the issue is affecting their operations as well.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
December 06, 2022 11:04 ET (16:04 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Walmart (NYSE:WMT)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Walmart (NYSE:WMT)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024