Wal Mart's "Always Low Prices" slogan is taking on an extreme meaning for shoplifters who are helping themselves to merchandise and getting away with it: Wal-Mart Struggling With Rising Loss From Shoplifting And Employee .... That article has an amazing figure - that the company loses more than $3 bln, or 1 percent of total sales to so called "shrinkage". Mr. Sam has got to be rolling in his grave as a buffoonish effort to enhance profit margins by present top brass through cutting staff, including store detectives, has led to a literal backdoor disappearance of those margins.
Call me a snob, but I just can't imagine what anyone would covet from Wal Mart whether they pay for it, or steal it! Ok, that was a cheap shot since even I occasionally step into a Wal Mart to buy light bulbs, microwave Dinty Moore, or Dristan. I just find the blue-themed stores to be blues experience that I try to avoid both as a shopper and as an investor.
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