15 June 2007

"Shrinkage", aka Theft is Rising at U.S. Wal-Mart stores

Gee, you treat you employers and suppliers like crap, and we are supposed to be surprised when they rob you blind?

Payback is a bitch, huh.

Theft rising at U.S. Wal-Mart stores

Theft rising at U.S. Wal-Mart stores
June 14, 2007: 06:25 AM EST

Jun. 14, 2007 (AFX International Focus) --

NEW YORK (AP) - businessminute
Shoppers at Wal-Mart stores (NYSE:WMT) across America are loading carts with merchandise -- maybe a flat-screen TV, a few DVDs and a six-pack of beer -- and strolling out without paying. Employees also are helping themselves to goods they haven't paid for.

The world's largest retailer is saying little about these kinds of thefts, but its recent public disclosures that it is experiencing an increase in so-called shrinkage at its U.S. stores suggests that inventory losses due to shoplifting, employee theft, paperwork errors and supplier fraud could be worsening.

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