Walmart CEO: Soaring theft could lead to higher prices, store closures

Doug McMillon, CEO of the nation’s largest retailer, told CNBC Tuesday that the company is seeing a significant rise in shoplifting, echoing similar comments made by Target last month.


Employee injured in Virginia Walmart shooting sues retailer for $50M

In her lawsuit, Donya Prioleau alleges that the gunman who killed six of his coworkers in Chesapeake was known by the retailer to have a “long-standing pattern of disturbing and threatening behavior.”

The retailer on Tuesday said it would also continue paying all workers at the Chesapeake, Virginia, store while the location remains closed “for the foreseeable future.”

Less than a week after an overnight manager killed six people at a Virginia Walmart, authorities have completed their in-store investigation. Meanwhile, the suspect charged with killing 10 people at a Tops market pled guilty on Monday.

The mass shooting suspect, a Walmart overnight team lead who'd been with the retailer since 2010, died of a self-inflicted gunshot wound, police said. Six others were hospitalized.

The retail giant’s food and beverage sales outpaced all other categories during the third quarter, and the company continues to see growing interest from higher-income shoppers.

If approved, the settlement would put an end to the bulk of the state, local and tribal lawsuits filed against the nation’s largest retailer over the sale and distribution of the addictive drugs.

With inflation soaring, the retail giant said it’s seeing a big jump in consumers making more than $100,000 a year. It’s too soon to tell whether they’ll become loyal Walmart shoppers.

The retail giant on Tuesday offered a year-long Walmart+ membership for $49, half off the usual price, for a very limited time. The program comes with free grocery delivery, among a suite of perks.

The regional distribution center in Palestine, Texas, has been retrofitted with AI-powered technology from Symbotic, part of Walmart’s plan to update all 42 of its distribution facilities over the next eight years.

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