Walmart Prices Could Rise, Stores May Close Due to Theft, CEO Tells CNBC [MarketWatch]
Best Buy Co., Inc. (BBY)
Last best buy co., inc. earnings: 2/27 07:00 am
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Source: MarketWatch
"Theft is an issue. It's higher than what it's historically been," said Mr. McMillon. The retailer's CEO said safety and security measures are in place by store location. Local law enforcement being staffed and being a good partner is also part of the equation and how Walmart normally approaches the issue, said Mr. McMillon. Walmart isn't the only retailer contending with theft. Best Buy Co., Home Depot Inc., and Target Corp. in recent months have said the issue is affecting their operations as well. Write to Denny Jacob at denny.jacob@wsj.com
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BBY
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