Social media users are taking an interview with Walmart's CEO out of context to falsely claim shoplifting could cause the corporation to shutter
asked about retail theft, McMillon said it was"higher than what it has historically been" and that Walmart has implemented additional security measures.
However, Walmart spokesman Charles Crowson told AFP claims of a companywide closure are inaccurate, adding that McMillon"was speaking about retail in general and not specifically about Walmart.""Retailers are noting upticks in low-level theft, and that could be due to challenging economic conditions," said, a senior analyst for retail and e-commerce at Insider Intelligence, a market research company.
. For a company as big as Walmart, Canaves said that can equate to an"eight billion-dollar problem" per year.2021.
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