ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Walmart new extreme anti-theft measures leave shoppers fuming

Walmart reportedly loses about $3 billion per year due to theft.
UPDATED AUG 5, 2024
Cover Image Source: Getty Images | Joe Raedle
Cover Image Source: Getty Images | Joe Raedle

A shopper has slammed Walmart for making her do separate transactions in a single trip as part of their anti-theft measures, The Sun reported. Walmart has been struggling to prevent theft at several stores. The supermarket giant reportedly loses about $3 billion per year due to theft.

While describing her frustrating experience, TikTok user Makayla Moon Rants said that she had to wait for the employees to unlock cosmetics and electronics before going to pay for groceries. 

The agitated shopper took to the video-sharing platform to talk about the whole situation. She said that the new rules demanded all items in the electronics and cosmetics section be unlocked by the employees and bought in their respective sections. "You made the shopping experience a living hell," Makayla said in the video. "Nothing about me wants to do three transactions just to buy one store's items."

She talked about how the system was unnecessarily complicated and made the shopping experience super inconvenient. She said that she would likely opt to order on Amazon despite disliking its services. "You made the shopping experience a living hell," Makayla said in the video. "Nothing about me wants to do three transactions just to buy one store's items."

Pexels | junjie xu
Pexels | junjie xu

Many agreed with the poster, "It's too much," one person commented, saying they have to wait 20 minutes to get a phone charger or deodorant.

Another user said, "They better start paying for people "pay per transaction" bank accounts. I used to only have 12 a month".

Another person wrote, "I left my cosmetics at the counter yesterday because I thought it was ridiculous." People are agitated with the current system that Walmart has set and many customers are saying that they quit buying from Walmart. " I gave up. It's too much. Waiting for 20 min to unlock phone chargers so I can wait in line to buy it electronics. Or deodorant. Or toothpaste" writes another user. 

Walmart's Struggle With Rising Thefts

Pexels | Kevin Malik
Pexels | Kevin Malik

According to CNBC, Walmart stores across the US are grappling with rising theft issues.

"Theft is an issue. It’s higher than what it has historically been. We’ve got safety measures, security measures that we’ve put in place by store location. 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," Walmart CEO Doug McMillion told CNBC.

It was also reported that most of this shoplifting is happening in an organized fashion rather than pretty theft. "If that’s not corrected over time, prices will be higher, and/or stores will close," McMillan said. 

"It’s city by city, location by location. It’s store managers working with local law enforcement and we’ve got great relationships there for the most part," he added.

According to Forbes, in October 2022, Rite Aid's Chief Revenue Officer reported during the company's earning call that the supermarket giant was considering "putting everything behind showcases.” The company is considering whether drastic steps could ensure that “products are there for customers who want to buy.”

According to the survey reported by the publication, thefts have only risen since the pandemic. Almost 90% of the respondents said that the pandemic had increased the risk of theft. About 73.2% noted that shoplifting in particular has risen during the pandemic. Retailers also reported that most of the theft is targeted at "easy-to-grab and conceal products" like cosmetics, apparel, eyewear, stationery items, and infant care and toys. 

The Solution

 Pexels | Luis Zambrano
Pexels | Luis Zambrano

Making customers' life harder is not the solution. In today's world where technology is at everyone's disposal, it makes no sense for companies to try and solve these problems with traditional methods like locking the sections. Companies must invest in electronic tools that can deter or catch theft. Other strategies include AI in checkout cameras, facial recognition software, and more. It's time we rethink our strategies.

Editor's note: This article was originally published on May 30, 2023. It has since been updated.

RELATED TOPICS WALMART
MORE ON MARKET REALIST
The dress from the 'Sultan of Sequins' had much more value than what the owner expected.
17 hours ago
Grant Cerwin sent an email to Craig Jelinek asking if Costco could donate one of the famous 93-inch teddy bears for his middle school fundraiser in LA.
18 hours ago
The problem occurred across the airline's app and some booking platforms including a top website.
22 hours ago
While the restaurant claims it wasn't related to the tip, the waitress has a different story to tell
1 day ago
"Seriously, how desperate are they for money?" a Reddit post said sharing the listing.
1 day ago
A "gift from God," Otha Anders started collecting pennies after he found one lying on the ground.
1 day ago
The companies and the world learned a valuable lesson of vetting email IDs before handing out money
2 days ago
He got a check for $50,000 every year, for the next 20 years and pocketed $38,000 after taxes.
2 days ago
Actor Charlie Sheen is most known for his role on syndicated tv show 'Two and a Half Men.' How much are reruns paying him?
3 days ago
Jaime Siminoff, whose pitch was rejected by all but one shark, walked out without a deal. He returned to the show as a millionaire investor.
3 days ago
"You know we're getting old when Pokemon is on Antiques Roadshow."
3 days ago
The cyberattack on payment gateway provider Slim CD lasted for over a year.
3 days ago
The Digital Landscapes program of the retail giant will track and share consumer data with suppliers
4 days ago
A Canadian student found a solution to save money on rent by super commuting to university from another city.
5 days ago
She said that the payment screen must have switched while she was entering her phone number
5 days ago
He made a whopping $195,000, doubling his life savings in under a minute.
6 days ago
While no reactions were reported due to the two products, Costco is still urging people not to eat these products.
6 days ago
The creator's consipiracy theory suggests restaurants try to trick people into spending more money.
7 days ago
Letitia Bishop who ordered three Subway sandwiches was erroneously billed a total of $1,021.
7 days ago