PORTLAND, Oregon -- Walmart will shutter its last ... CEO Doug McMillon warned that an increase in theft could force the retailer to either raise prices or close stores if the problem continued.
The retail giant is providing few details about the downsizing of a network that it had grown quickly in recent years.
The high level of theft at retail establishments poses a serious financial risk for companies like Walmart. It all has to get categorized as a loss. And the drastic increase in loss industry-wide ...
(Editor’s Note: Walmart ... theft. “It’s higher than what it has historically been,” he told CNBC. McMillion reportedly said then that if authorities could not curb shoplifting, retail ...
Walmart is closing an underperforming store in Everett that some neighboring businesses say has been plagued by theft.
e-commerce pure plays, or even as specific as Walmart vs. Amazon. This is about price. Walmart has long positioned itself as the lowest price leader. Not just "a low price leader," but THE low ...
If that’s not corrected over time, prices will be higher, and/or stores will close.” The company did not say whether retail theft was a factor in shuttering the Walmart locations in the North ...
Walmart has said it is permanently closing its last two stores in Portland - months after its CEO warned of a historic rise in thefts ... that's three times the price I would spend here ...
Walmart's CFO said shoppers are still buying fewer discretionary items, as grocery prices remain elevated ... billion marked a 7.3% year-over-year increase. Same-store sales for Walmart U.S ...
Retail industry analysts say that rising concerns over theft may have contributed to Walmart’s decision last month to shutter its Portland stores. But it’s likely not the driving factor. Theft and ...