Walmart CEO: Stores could close with uptick in shoplifting
Walmart CEO: Stores could close with uptick in shoplifting
(NewsNation) — Walmart is eyeing possible store closures and price hikes as it grapples with what the company says is an uptick in shoplifting.
Walmart CEO Doug McMillon said Tuesday on CNBC’s “Squawk Box” that theft is higher than what it has historically been.
“If that’s not corrected over time, prices will be higher, and/or stores will close,” McMillon said.
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