That’s absurd. 250 million weekly visitors stealing a $1 item per visit would amount to $13B per year in losses, approximately equal to Walmart’s annual net income. They would love to raise prices to compensate (2% should do it) but then they would lose the equivalent in sales to competitors like Amazon that don’t face as much risk from theft losses.
That’s absurd. 250 million weekly visitors stealing a $1 item per visit would amount to $13B per year in losses, approximately equal to Walmart’s annual net income. They would love to raise prices to compensate (2% should do it) but then they would lose the equivalent in sales to competitors like Amazon that don’t face as much risk from theft losses.