Growing losses due to shoplifting could lead to higher prices and possible store closures, Walmart CEO Doug McMillion is warning. “Theft is an issue. It’s higher than what it has historically been,” McMillion told CNBC’s “Squawk Box.”
McMillion told CNBC’s “Squawk Box.”
McMillion said a lax approach from prosecutors handling shoplifting cases could impact the chain’s future.Last month,organized retail crime in its stores has led to more than $400 million in profit losses in 2022.
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