Home » Markets » Walmart CEO Doug McMillon says theft is 'higher than what it has historically been'
Walmart CEO Doug McMillon says theft is 'higher than what it has historically been'
Retailers combat crime spike during holiday season
FOX Business’ Jeff Flock speaks with a Philadelphia store owner as crime sprees wreak havoc on small businesses.
Walmart CEO Doug McMillon on Tuesday became the latest retail executive to weigh in on theft, describing it as an "issue" that has worsened.
During his appearance on CNBC, McMillon said theft is "higher than what it has historically been." He explained Walmart has safety and security measures "that we've put in place by store location" to help combat the issue.
"I think local law enforcement being staffed, and being a good partner is part of that equation, and that’s normally how we approach it," McMillon added.
CRIME IN THE RETAIL WORLD MAKES FOR NOT SO HAPPY HOLIDAY SHOPPING SEASON