During an earnings call on Thursday, Costco's Chief Financial Officer (CFO), Richard Galanti, expressed the company's positive position regarding theft.

Costco’s CEO Speaks Out Against Self-Checkout Theft

During an earnings call on Thursday, Costco’s Chief Financial Officer (CFO), Richard Galanti, expressed the company’s positive position regarding theft. Costo “Fortunate” With Inventory Shrinkage Galanti stated that Costco has been “fortunate” in this regard, as they haven’t observed any significant changes in shrinkage, a term used to refer to theft and other inventory losses in the retail industry. Addressing concerns raised by some stakeholders, … Continue reading Costco’s CEO Speaks Out Against Self-Checkout Theft

Dept. of Justice Recovers Nearly $4 Million in Walmart Gift Card Scam

The US Department of Justice has obtained almost $4 million in remission of a Walmart gift card scam, compensating customers affected by the fraudulent scheme. Here’s What You Should Know The US Department of Justice (DOJ) has obtained remission of approximately $3,958,060.84 in a Walmart gift card scam. The DOJ alleged that the scam began in 2015 when fraudsters directed victims to buy Walmart gift … Continue reading Dept. of Justice Recovers Nearly $4 Million in Walmart Gift Card Scam

NC Walmart, Target, and Dollar General Fined For Overcharging Customers

Big name stores are in the news for overcharging their customers in North Carolina, and experts are urging people to continue checking their receipts. Here’s What Happened Over three dozen supermarkets in North Carolina have been issued fines of a combined $304,635 for overcharging shoppers at the tills this year. Big-name retailers including Target, Walmart, and Dollar General are among the 37 stores in 22 counties to … Continue reading NC Walmart, Target, and Dollar General Fined For Overcharging Customers

EEOC Sues Walmart For Firing Employee With Crohn’s

In a recent lawsuit, the EEOC is accusing Walmart of violating ADA guidelines when they fired a former employee who had Crohn’s disease. EEOC Sues Walmart The US Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against Walmart Inc (WMT.N), the largest US retailer, alleging that it unlawfully terminated a deli employee suffering from Crohn’s disease in North Carolina. Crohn’s disease is an chronic … Continue reading EEOC Sues Walmart For Firing Employee With Crohn’s

Goodbye Walmart! Here’s Where They are Shutting Down

Retail giant Walmart is set to close down some stores in North America after describing them as “poor performing” locations. Walmart Shuts Down Some Locations “This decision was not made lightly and was reached only after a thorough review process,” a Walmart spokesperson said. “We have nearly 5,000 stores across the U.S. and unfortunately some do not meet our financial expectations. While our underlying business is strong, … Continue reading Goodbye Walmart! Here’s Where They are Shutting Down

Driving Dog Crashes Into Two Vehicles at Walmart

Kilgore Police Department was surprised to see the suspect of a reckless driving accident at a Texas Walmart was actually committed by a dog! The Driving Dog According to the Kilgore Police Department, one of the victims of the crash “saw the suspect barreling down on him but couldn’t get out of the way.” In a Facebook post by the police department, they stated: “KPD … Continue reading Driving Dog Crashes Into Two Vehicles at Walmart