Web Desk:<\/p>\n
Supermarkets in the US are struggling with an uptick in shoplifting. Walmart is one of the largest companies to provide job opportunities in the US, which also faces the loss of millions of dollars due to the increase in shoplifting incidents. Walmart management has started considering the option to increase the price or close its stores.<\/p>\n
In an interview with CNBC, Walmart CEO Doug McMillon said that \u201ctheft is an issue. It\u2019s higher than what it has historically been.\u201d<\/p>\n
He said that \u201cWe\u2019ve got safety measures, security measures that we\u2019ve 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\u2019s normally how we approach it.\u201d<\/p><\/blockquote>\n
He added that unless authorities take action to tackle the problem, \u201cprices will be higher, and\/or stores will close.\u201d<\/p>\n
\u201cIt\u2019s city by city, location by location. It\u2019s store managers working with local law enforcement and we\u2019ve got great relationships there for the most part,\u201d he added.<\/p><\/blockquote>\n
Walmart isn’t the only big box retailer struggling with a shoplifting surge. Target CFO Michael Fiddelke recently said that theft has jumped 50% year-over-year, costing the company more than $400 million in this fiscal year alone.<\/p>\n","protected":false},"excerpt":{"rendered":"
Web Desk: Supermarkets in the US are struggling with an uptick in shoplifting. Walmart is one of the largest companies to provide job opportunities in the US, which also faces the loss of millions of dollars due to the increase in shoplifting incidents. Walmart management has started considering the option to increase the price or […]<\/p>\n","protected":false},"author":5,"featured_media":27683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1469,31,1378],"tags":[],"class_list":["post-27682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-news","category-us"],"_links":{"self":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/27682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/comments?post=27682"}],"version-history":[{"count":2,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/27682\/revisions"}],"predecessor-version":[{"id":27685,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/27682\/revisions\/27685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media\/27683"}],"wp:attachment":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media?parent=27682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/categories?post=27682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/tags?post=27682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}