Fuck all these Rich MoFos...
Walmart CEO Doug McMillon announced during an interview on CNBC last week that the retailer may have to raise prices or close stores due to insufficiently aggressive prosecution of retail theft. McMillon claimed that, as a result of lenient sentences, theft at Walmart is “higher than what it has historically been.” During the interview, McMillon does not disclose how much merchandise Walmart is losing to shoplifting or how that compares to previous years.
@Madken65 explain to me why retail establishments like this also then ask for donations at the cash register from their customers, which becomes their charitable tax write offs while their customers pay?
@Madken65 Walmart loses more money throwing out dead stock than it does from shoplifting
@Madken65 How much richer did they get during the pandemic. Screw that guy
@Madken65 There was a PPP loan so yea. Makes no sense
@Madken65
I wonder how much of it is by employees who can't afford to buy those things on what they get paid?
Walmart, the nation’s largest retailer, racked up $559.2 billion in revenue last year. So far this year, the company has made $15 billion in profits. Last quarter alone, Walmart recorded $152.8 billion in sales, nearly a 9% increase from the previous year. The purported spike in shoplifting at Walmart did not stop the company from announcing a new $20 billion share buyback plan last month.
https://popular.info/p/walmart-claims-low-prices-require