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Theft Is ‘Higher Than What It Has Historically Been’: Walmart CEO

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Theft Is ‘Higher Than What It Has Historically Been’: Walmart CEO
A 24-hour grocery pickup location at a Walmart in Oklahoma City, Okla., on May 30, 2017. Sue Ogrocki/AP Photo
Naveen Athrappully
By Naveen Athrappully
12/7/2022Updated: 12/7/2022
0:00

Walmart CEO Doug McMillon has weighed in on the rising trend of retail theft, terming it an issue that has become much worse than ever before.

During an interview with CNBC, McMillon said that Walmart stores across the United States are experiencing an uptick in shoplifting. The issue of theft is now “higher than what it has historically been,” he added. “We’ve got safety measures, security measures that we’ve put in place by store location. I think local law enforcement being staffed and being a good partner is part of that equation, and that’s normally how we approach it.”
Naveen Athrappully
Naveen Athrappully
Author
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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Related Topics
Home Depot
Walmart
Shoplifting
burglary
retail theft
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