Walmart CEO tells shoppers weeks after warning of store closures and price hikes that ‘many changes are ahead’

WALMART’s CEO has confirmed weeks after warning shoppers about possible store closures and price hikes that “many changes are ahead”.

Doug McMillon said the technology has now made it possible to automate the supply chain and help with delivery.

Doug McMillon has said that

2

Doug McMillon has said that “a lot of changes” are coming at WalmartPhoto credit: Getty

He told CNBC, “So much is possible with technology today, whether it’s the way we use data, the way we use smarter algorithms, or the way we use automation in our supply chain.

“A lot of changes are coming in the distribution centers, fulfillment centers, last mile with EVs (electric vehicles) and delivery.”

McMillion had spoken to the outlet about inflationary pressures on his business.

He added, “We have a plan and have adjusted our inventory to be ready for that next year.”

I just found Walmart toy sales - exactly the label I need to be looking for
Walmart introduces 1,000 new

Things are moving in the freshness categories, said the retail boss.

But he warned that “the most persistent and obstinate inflation” remains in dry groceries and consumables.

McMillion said in early December that theft at Walmart was at “historically high” levels and acknowledged that it could lead to price hikes.

In an interview with CNBC Squawk Box, he also revealed that persistent shoplifting could result in stores being closed.

The Walmart boss added, “It’s higher than it has been in the past.”

McMillon criticized the approach prosecutors appear to have taken in response to alleged crimes.

He feared customers could be negatively impacted as prices could rise and stores could close.

Walmart is estimated to lose up to $3 billion a year to theft, according to Reuters.

Walmart is among the stores that have stepped up their security efforts to combat theft.

TikToker shared images showing beauty products behind glass.

Meanwhile, Target CEO Brian Cornell, Target’s Chief Executive Officer, said, “Along with other retailers, we have seen a significant increase in theft and organized retail crime across our business.

As a result, we are making significant investments in training and technology that can prevent theft and keep our guests and team members safe.”

Walmart is known for its serious approach to fighting shoplifting, and some have accused it of being “overzealous.”

Criminal defense attorney Ralph Manginello warned, “If you’re caught shoplifting at Walmart in Texas, you face larceny charges.”

In Texas, shoplifters can be charged with anything from a Class C misdemeanor to a first-degree felony.

Manginello warned that customers should not “expect” fees to be dropped.

The Sun reported how custody assistant John Reed was accused of stealing from a Walmart store in Mulberry, Florida.

He is said to have tried to steal two hoverboards, two hovercars and a Christmas projection lamp.

Further investigation revealed that Reed allegedly stole nine times from the same Walmart store between November 4 and December 3.

In total, investigators have charged Reed with taking $575 worth of items.

Reed reportedly resigned from his position immediately after his arrest.

He was charged with eight counts of petty theft, one count of property acquisition fraud, one count of gross fraud and one count of petty theft ranging from $100 to $750.

RETAIL ‘THEFT’

Reed was hired as a corrections officer at the Polk County Jail in 2004.

He quit his job in 2012 but returned in 2021, according to lawmakers who spoke to Click Orlando.

And Bevals Aleen Hinton, 45, was arrested after paying just $74 for $424 worth of items.

According to The Villages-News.com, the products allegedly stolen from Hinton were mostly groceries and household goods.

Cops said she took her cart full of groceries to the store’s self-checkout area and only scanned the $74 worth of products she had.

She then allegedly wheeled the full cart to the exit without paying for the other $350 items.

Police continue to search for 22 suspects accused of stealing products from a Walmart store in Whitehaven, Memphis on November 20.

Officers said some of them were armed when they entered the supermarket.

According to FOX13, no shots were fired and the suspects fled the scene in around 20 cars.

Meet the actress spotted on a
The strange way a popular website founder became a

And a woman is accused of stealing $1,000 worth of jewelry from a Walmart store in Colonial Heights, Virginia.

Cops have claimed they broke into a display on November 1 before stealing the jewelry and exiting the store.

It is estimated that Walmart loses up to $3 billion annually to theft

2

It is estimated that Walmart loses up to $3 billion annually to theftPhoto credit: Getty

https://www.the-sun.com/news/6969717/walmart-ceo-changes-store-closures-price-rises/ Walmart CEO tells shoppers weeks after warning of store closures and price hikes that ‘many changes are ahead’

DevanCole

Daily Nation Today is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@dailynationtoday.com. The content will be deleted within 24 hours.

Related Articles

Back to top button