- Walmart CEO Doug McMillon claims that the retailer may have to raise prices or close stores due to insufficiently aggressive prosecution of retail theft.
- Publicly available data contradicts McMillon’s claims, with the number of shoplifting offenses dropping 46 percent between 2019 and 2021.
- Retailers have spent millions opposing changes to felony theft thresholds, but data shows that raising the threshold does not increase shoplifting.
- Most shoplifters are not making a calculation about the potential legal consequences, and are instead driven by addiction.
Click HERE for original. Published December 13, 2022
