Walmart threatens to raise prices (2024)

Introduction

A battle with crime has pushed Walmart executives to ask for help. Theft is reportedly causing the retail giant 94.5 *billion dollars in losses. Join the Isiah factor to talk about the issue is security expert Greg Dupree.

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Content

You're WATCHING THE ISAIAH FACTOR UNCENSORED.

AND WELCOME BACK TO THE SECOND HALF HOUR., THE, FACTOR, ON, CENSORED, A, BATTLE, WOULD, CRIME, HAS, PUSHED, WALMART, EXECUTIVES, TO, ASK, FOR, HELP., THEFT, IS, REPORTEDLY, CAUSING, THE, RETAIL, GIANT, $94.5, BILLION, IN, LOSSES., JOINING, ME, NOW, TO, TALK, ABOUT, THE, GREG, DUPRI., GREG, WHEN, WE, HEAR, THE, CEO, OF, WALMART, SAYING, PRICES, WILL, GO, UP, AND, WE've, ALREADY, SEEN, THEM, SHUT, DOWN, MANY, STORES, AS, A, RESULT, OF, ORGANIZED, RETAIL, THEFT, AND, WE've, SEEN, VIDEO, AFTER, VIDEO, OF, THESE, PEOPLE, JUST, WALKING, OUT, WITH, BIG, BASKETS, OF, STUFF, HANDS, HANDS, OR, FILLED, WITH, PRODUCTS, THAT, THEY've, STOLEN, ., EVEN, IN, HOUSTON, JUST, RECENTLY, THE, HOUSTON, POLICE, DEPARTMENT, PUT, OUT, A, VIDEO, WITH, THEIR, LOOKING, FOR, SUSPECTS, WHO, DID, IT, AT, A, LOCAL, DOLLAR, STORE., WHY, IS, IT, GETTING, SO, BAD, OUT, THERE, GRAY., THE, REASON, IT's, GETTING, SO, BAD, AS, IT, IS, BECAUSE, THE, RISK, IS, LESS, THAN, THE, REWARD., I, MEAN, THESE, PEOPLE, KNOW, THAT, THEY, CAN, GO, INTO, THESE, PLACES, AND, BREAKS, IT, BRAZENLY, SHOPLIFT, ANOTHER, WORD, FOR, LOOTING, BECAUSE, THAT's, EXACTLY, WHAT, THEY're, DOING., UH, AND, THEY, KNOW, THAT, THE, CONSEQUENCES, AREN't, THAT, GREAT, EVEN, IF, THEY, GET, CAUGHT.

SO THEY FIGURED, HEY, THE REWARD IS GREATER THAN THE, RISK., SO, THEY, GO, IN, THERE, AND, THEY, STILL, LIKE, THIS., I, MEAN, AND, I've, SEEN, IT, WHERE, THEY've, INVOLVED, THEIR, LITTLE, KIDS, AND, THEIR, FAMILIES, RIGHT, WHERE, YOU, KNOW, IT's, JUST, IT, REALLY, HAS, PEOPLE, ARE, TALKING, ABOUT, IS, GOING, TO, GET, OUT, OF, HERE., IT's, ALREADY, OUT, OF, HAND., ABSOLUTELY, I, MEAN, YOU, SEE, THE, VIDEOS, ON, SOCIAL, MEDIA, ON, YOUTUBE, AND, IT's, JUST, MIND, BLOWING, WHAT, PEOPLE, ARE, DOING, IN, THE, STORES, NOW, ISN't, BECAUSE, MANY, OF, THESE, STORES, THE, MAJOR, CHANGE, THEY, HAVE, POLICIES, IN, PLACE, , SAYING, NOT, TO, ENGAGE, THE, DIFFICULTY, THE, STORES, AND, THE, EMPLOYEES, FACE, IF, YOU, ENGAGE, AND, YOU, GET, INTO, A, VIOLENT, SITUATION, AND, THAT, PERSON, IS, HARM, THEN, THAT's, A, BIGGER, LAWSUIT, THAT, THE, COMPANY, IS, NOW, DEALING, WITH, EXACTLY, AND, THAT's, BECAUSE, THE, COMPANIES, FEEL, THE, SAME, WAY, THAT, THE, SHOPLIFTERS, TO, LETTING, THEM, GO., THE, REWARD, OF, LETTING, THEM, GO, IS, GREATER, THAN, THE, RISK, OF, APPREHENDED., AND, THE, THING, IS, WITH, THESE, EMPLOYEES, THAT, WORK, AT, THESE, STORIES., A, LOT, OF, THEM, ASK, THEMSELVES, THAT, HEY, IS, IT, WORTH, MY, LIFE, TO, SHOPLIFTERS?, SO, WHAT? I'm GETTING PAID AT THIS STORY QUESTION.

GOOD QUESTION.

BUT, NOW, WE, HAVE, THIS, GIANT, WALMART, COMPLAINING, SAYING, INDUSTRY, IS, LOSING, BILLIONS, OF, DOLLARS, EACH, YEAR., AND, NOW, THE, HONEST, SHOPPERS., THE, HONEST, CONSUMERS, LIKE, YOU, AND, I, WE, WILL, HAVE, TO, FACE, THE, HIGHER, PRICES, OF, BURDEN, OF, HIGHER, PRICES., AS, A, RESULT, OF, ALL, OF, THIS, SHOPLIFTING, AND, OF, COURSE, POSSIBLY, LOSE, SOME, STORES, IN, VARIOUS, COMMUNITIES., IS, THAT, FAIR?, NO, IT's, NOT, FAIR., AND, THE, THING, IS, IT's, UH, THE, PUBLIC, IS, DEFINITELY, GONNA, SUFFER, BECAUSE, UNLESS, THEY, COME, UP, WITH, SOME, TYPE, OF, WAY, AND, I, AGREE, WITH, THE, CEO, , WAL, MART, IS, NOT, GOING, TO, BE, SOMETHING, THEY, CAN, SOLVE, TAKE, A, JOINT, EFFORT, BETWEEN, THESE, STORES, THE, YOU, KNOW, LOCAL, AND, STATE, GOVERNMENTS, AND, THE, PUBLIC, ITSELF, TO, SOLVE, THIS, PROBLEM, WHERE, AT, LEAST, REDUCE, IT., BUT, IF, THAT, DOESN't, HAPPEN, ANYTIME, SOON, , YOU're, ONLY, GOING, TO, SEE, THIS, PROBLEM., GET, A, LOT, WORSE, RIGHT, NOW., COULD, THAT, BE, OR, COULD, THAT, LEAD, TO, MORE, PROBLEMS, IF, THE, PUBLIC, INTERVENES, IN, A, SITUATION, LIKE, THAT?, WELL, IT, DEPENDS, ON, WHAT, LEVEL, OF, INTERVENTION, THAT, THE, PUBLIC, THE, PUBLIC, IS, INVOLVED., I MEAN, YOU KNOW, BEING A GOOD WITNESS IS ALWAYS A, GOOD, THING., YOU, KNOW, WHERE, YOU, DON't, ACTUALLY, HAVE, TO, GET, INVOLVED., YOU, CAN, SEE, THE, CAR, OUT, IN, THE, PARKING, LOT, DRIVING, AWAY, AND, REPORT, THE, LICENSE, PLATE., YOU, CAN, SEE, PEOPLE, STEALING, IN, THE, SNOW, IN, THE, STORE., AND, YOU, CAN, REPORT, THAT, WHILE, YOU're, IN, THE, STORE, NOW, YOU, KNOW, YOU, ALWAYS, HAVE, THIS, ANTI, YOU, CHOOSING, NOT, TO, SNITCH, IS, ONLY, GOING, TO, RESULT, IN, YOU, PAYING, HIGHER., PRICES., EXACTLY, SO, YOU, HAVE, TO, WEIGH, THE, OPTIONS., THERE, ARE, OPTIONS, SO, UNGRATEFUL., YOU, KNOW, I'm, STILL, TRYING, TO, FIGURE, OUT, WHEN, DID, THIS, WHEN, DID, THIS, TREND, BECOMES, SO, POPULAR, WHERE, PEOPLE, ARE, JUST, WALKING, IN, AND, WALKING, OUT, WITH, A, LOT, OF, STUFF., IS, THAT, AFTER, THE, PANDEMIC, BEFORE, THE, PANDEMIC, WHAT, IT, DEFINITELY, HAPPENING, BEFORE, THE, PANDEMIC, ISAIAH., I, MEAN, I, CAN, TAKE, THIS, ALL, THE, WAY, BACK, TO, WHEN, I, WAS, A, COP, IN, HOUSTON, IN, THE, EIGHTIES, AND, THE, NINETIES., WIDESPREAD, AND, THE, PEOPLE, WERE, DOING, A, LOT, OF, BACK, THEN, THE, CRIMINALS, WERE, PAYING, MORE, ATTENTION, TO, CONCEALING, THEIR, EFFORTS, THAT, YOU, COULDN't, SEE, WHAT, THEY, WERE, DOING, UNTIL, IT WAS TOO LATE.

BUT IT STARTED TO GROW AND STARTED., TO, EXPLODE, WITH, THE, ADVENT, OF, SOCIAL, MEDIA, RIGHT, AND, THE, FACT, THAT, YOU, HAVE, RETAILERS, TELLING, THEIR, EMPLOYEES, NOT, TO, ENGAGE, AND, THIS, IS, A, PUBLIC, KNOWLEDGE, THE, PROBLEM, HAS, JUST, GOTTEN, WORSE., WE, HAD, A, MAJOR, TWO, EMPLOYEES, WHO, FOLLOWED, UH., SOME, SUSPECTS, OUT., THE, STORE, KNOWS, SOME, PRODUCTS, AND, AS, A, RESULT, OF, THEM, FOLLOWING, THEM, AND, ENGAGING, AND, MAYBE, VIDEOTAPING, THEM., THOSE, PEOPLE, LOST, THEIR, JOBS, , RIGHT, YOU, KNOW, IT's, JUST, A, TOUGH, SITUATION, THAT, MANY, GOING, TO, START, FEELING, IT, ACCORDING, POTENTIALLY, ACCORDING, TO, THE, CEO, WALMART, WHICH, PRICES, AND, OF, COURSE, WE've, HAD, WALMART, AND, MANY, OTHER, MAJOR, COMPANIES, SHOULD, STORES, DOWN, AROUND, THE, COUNTRY., AND, SO, THAT, HURTS, US, AS, WELL, AS, CONSUMERS, RIGHT, IT, DOES, TO, SEE, THAT, TREND, HAPPENED., BUT, WHAT?, YOU're, ALSO, GOING, TO, SEE, YOU're, GOING, TO, SEE, A, LOT, OF, THESE, STORES, LIKE, WALMART., THEY're, GOING, TO, GO, THE, PATH, OF, AMAZON., THEY're, GONNA, START, GOING, TO, ONLINE, SALES, ONLY, AND, A, LOT, OF, INSTANCES, YOU, KNOW, AND, YOU, THERE., IT's, NOT, LIKE, THEY're, GOING, TO, GO, OUT, OF, BUSINESS., RIGHT, ANOTHER, WAY, TO, CONDUCT, INCLUDE BRICK AND MORTAR STORES.

NOW THAT's FINE, AND, GOOD, FOR, BIG, STORES, SUCH, AS, WALMART, BUT, THE, STORIES, ARE, REALLY, SUFFERED., THESE, LITTLE, SMALLER, RETAILERS, SHOPS, THEY're, THE, ONES, THAT, ARE, REALLY, GOING, TO, BEAR, THE, BRUNT, OF, THIS, AND, MANY, WALMART., YOU, KNOW, WHEN, THEY, TALK, ABOUT, DOING, LIKE, AMAZON, SHIPPING, YOUR, STUFF, MOVING, TO, AUTOMATION, SO, THAT, MEANS, PEOPLE, WILL, HAVE, FEWER, JOBS, ., IF, WE, DON't, HAVE, THOSE, STORES, IN, THE, COMMUNITY., WILL, GREG, WE, GOT, SOME, WORK, TO, DO, WE, APPRECIATE, YOUR, TIME, HERE, ON, THE, FACTOR, ON, SENSOR, TONIGHT., THIS, IS, A, PROBLEM, CONTINUES, TO, GROW, AND, IT's, JUST, BLOWING, HOW, BOLD, AND, BRAZEN, PEOPLE, ARE, WHEN, IT, COMES, TO, SHOPLIFTING, ., NOW, WE, APPRECIATE, YOUR, TIME, SIR., AND, THANK, YOU, FOR, JOINING, US, HERE, ON, THE, FACTOR, UNCENSORED., X, FOR, HAVING, ME, ON, THE, SAFE..

Walmart threatens to raise prices (2024)

FAQs

Is Walmart increasing prices because of theft? ›

With retail thefts on the rise, Walmart's CEO says the company will have to start raising prices or even close stores. In an interview Tuesday, CEO Doug McMillon indicated that would be the case if prosecutors continue to have a lax approach to shoplifting crimes, specifically organized retail theft.

Why is Walmart closing stores suddenly 2023? ›

According to the brand, the shuttered stores were not meeting financial expectations, and record-breaking retail theft hurt the company's economic performance.

Is Walmart closing stores because of theft? ›

Walmart said the closings are due to a lack of profits, theft and security issues. Walmart is not the U.S. government. They can't keep pumping money into a store or city that is losing millions of dollars every year. Walmart is a business that has become the largest company in the world by making a profit.

How much money did Walmart lose from theft? ›

In fact, the retail giant loses an estimated $3 billion worth of products to theft every year. This staggering figure only begins to tell the story of how much shoplifting affects Walmart stores across the United States.

Does shoplifting actually raise prices? ›

In most states, shoplifting goods worth more than a specific amount is considered a felony and may result in imprisonment. However, retail stores must bear the court costs and attorney fees associated with prosecution. The store may pass these costs on to consumers through higher retail pricing.

What is the real reason Walmart is closing stores? ›

The recent closures follow a trend of Walmart closing a handful of stores across various states each year, with the company saying that the stores are "underperforming" without providing specifics.

What is Walmart no longer selling? ›

Walmart (WMT), which has around 5,000 stores in the United States, in 2019 raised the minimum age to buy tobacco to 21 and stopped selling e-cigarettes. Sam's Club, owned by Walmart (WMT), has also stopped selling cigarettes at most of its stores in recent years.

What states is Walmart closing stores? ›

The states that will see closures are Arkansas, Georgia, Florida, Hawaii, Illinois, Indiana, Kansas, Minnesota, New Mexico, Oregon, Texas, Washington, Wisconsin, and the District of Columbia.

Why do stores not go after shoplifters? ›

The reason is simple, there's the chance of injury to the employee, the thief, and other shoppers. That can also lead to lawsuits. Stores have invested in better cameras, anti-theft devices, and sometimes private security. But there is concern that the hands-off approach is leading to an increase in crime.

Why does Walmart not stop shoplifters? ›

Walmart has a zero-tolerance policy against shoplifters, so you could certainly say that their policy is strict. However, there is a lot that Walmart will not do to suspected shoplifters due to legal risks to the company.

What is the most shoplifted Walmart in America? ›

Walmart operates more than 4,500 stores nationwide. The most shoplifted among them is in Cincinnati's Westwood neighborhood, according to Cincinnati police. Cincinnati police made an average of 2.5 service calls per day to the store over the last two years.

Is self-checkout hurting Walmart? ›

Walmart CEO Doug McMillon recently gave an interview where he blamed self-checkout for an increase in "shrink," which is retail code for theft. Realistically, tighter economic times likely also have lead to increased shoplifting but self-checkout practically begs customers to steal.

Is Walmart losing money with self checkouts? ›

WALMART self-checkouts thefts are costing the company millions - meaning customers could soon face massive price hikes and shuttered stores.

Do prices go up because of theft? ›

It depends on consumers. Stores would certainly like to raise their prices to cover the costs of security and “shrinkage” (which I think is the euphemism for theft used in the trade). But if consumers won't buy the product at the higher price, then the store has to eat the loss.

Does Walmart lose about $3 billion every year to theft? ›

According to a 2015 Reuters report, Walmart loses $3 billion per year in U.S. revenue to theft by customers and employees. Last month, CNBC reported that Target, another nationwide superstore, is also seeing an increase in shoplifting.

How does Walmart deal with theft? ›

Walmart stores are equipped with an extensive security camera system to build evidence against shoplifters. Walmart employs dedicated Asset Protection or Loss Prevention Associates who are allowed to confront and detain suspected shoplifters.

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