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Walmart CEO says rising thefts may lead to price jumps, CNBC reports
Walmart locations across the U.S. are struggling with a rise in shoplifting, which may cause increased prices and shuttered stores if the issue persists, CNBC's Gabrielle Fonrouge reports, citing comments made by CEO Doug McMillon on 'Squawk Box'. "Theft is an issue. It's higher than what it has historically been," he said. "We've got safety measures, security measures that we've put in place by store location. I think local law enforcement being staffed and being a good partner is part of that equation, and that's normally how we approach it," McMillon said. "If that's not corrected over time, prices will be higher, and or stores will close.