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 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 ...
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 ...
(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'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 ...
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 ...
In a report released today, Michael Baker from D.A. Davidson maintained a Buy rating on Walmart (WMT – Research Report). The ...
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 announced its ... that record-breaking retail theft had undercut the company’s economic performance of late. “Theft is an issue. It’s higher than what it has historically been,” McMillon told ...
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 ...