Current Events > Rising thefts at Walmart could lead to price jumps, store closures, CEO says

(+) Yeah! (+)

https://www.cnbc.com/2022/12/06/walmart-ceo-says-shoplifting-could-lead-to-price-jumps-store-closures.html

Good. This isnt the threat he thinks it is.

Good, everyone hates your company.

Good.

Any new excuse for more price gouging, huh? The shoplifting came as a response from the stores violating the social contract with the customers and theyre getting a taste of their own medicine. Slash CEO pay and bring the prices back to where they should be.

With that said, Walmart is literally exponentially cheaper than the other local stores in my city (mostly Kroger and other stores that they bought out.) If Walmart can turn a profit on Stacys Pita Chips at $6, how can Kroger justify charging $9? How can you argue that this is anything but price gouging? But Im not going to steal from the one store that charges less when other stores are cartoonishly expensive.

More power to the shoplifters (who are only stealing food). You cannot tell the corporations that this is not okay otherwise.

Payzmaykr posted...

The shoplifting came as a response from the stores violating the social contract with the customers and theyre getting a taste of their own medicine.

Oh do elaborate

Theyve been closing stores anyway. Once you drive out all the competition in an area you dont need a store every 10 miles

This scares me into not stealing any more

They're gonna start a pick up only Walmart soon to save money. Keeping the store at 50 degrees or no AC while you tap on your phone what you want in the parking lot

PoundGarden posted...

Oh do elaborate

They force other businesses to close and then raise their prices once the competition is out of the area

There, elaborated

Fuck walmart and fuck him.

I sincerely doubt that this is cutting so hard into Wal-Mart's bottom line that they actually need to close stores and raise prices.

As someone whose father works at Walmart as a Department manager, it is a little alarming to hear the actual $ value of how much is stolen in a year at his store alone.

PiOverlord posted...

As someone whose father works at Walmart as a Department manager, it is a little alarming to hear the actual $ value of how much is stolen in a year at his store alone.

It's a 500 billion dollar company, it's still a rounding error

Walmart: please ignore our wage theft. Believe us that our insured goods make us weep when someone takes a candy bar!