Walmart CEO warns locations may close and ‘prices will be higher’
Last week, an 83-year-old Home Depot worker was killed after being shoved by a thief at a North Carolina location, officials said. Gary Rasor, the worker, attempted to confront a suspect who was making off with three power washers before he was pushed to the ground; he later died because of complications from his injuries.
While appearing on CNBC on Dec. 6, Walmart CEO Doug McMillon said retail theft is “higher than what it has historically been” and suggested that it will create widespread problems in some areas.
“If that’s not corrected over time, prices will be higher, and/or stores will close,” McMillon said….