More Than $3 Billion Stolen From Walmart This Year

According to the AP, so-called “shrinkage” at Walmart could rise to more than $3 billion this year. The shrinkage comes from a combination of supplier fraud, employee theft, bad bookkeeping and, of course, shoplifting.

What’s the reason for the increased shrink? It could be tied to Walmart’s decision not to prosecute shoplifters who steal less than $25 worth of merchandise. Another possibility is that Walmart is understaffed, making it easy for organized shoplifters to rip them off. —MEGHANN MARCO

Shoplifting, employee theft plague Wal-Mart [Toronto Star]
(Photo: Clean Walmart)