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 / ECONOMY & WORK

As Walmart, Others Ramp Up Theft Crackdown, Shoppers Push Back Against Increased Surveillance

Back in 2022, Walmart's CEO publicly said that the company would have to close stores if theft didn't slow down.
PUBLISHED MAR 11, 2024
Cover Image Source: Walmart had to close 24 Stores nationwide | Getty Images | Joe Raedle
Cover Image Source: Walmart had to close 24 Stores nationwide | Getty Images | Joe Raedle

Retail giants like Walmart and Target are taking steps to crack down on theft, resulting in customers calling shopping there too much of a hassle. Many have taken to social media to express their annoyance with showing receipts. One such debate on the social media platform X, formerly known as Twitter, sheds light on the current shopping situation in popular chains like Walmart. One user uploaded a basket full of toiletries and captioned it, "I be addicted to this kinda s**t" to which one person responded, "Why do y'all shop at Target I don't get it," they wrote. "Walmart got the same s**t for cheaper."



 

Another user took to the platform to respond to her question. "I don't get time to be followed so obviously," she wrote. "If you gone follow me do it secretly, damn," she added. "Walmart will watch you check out then 'check your receipt.' I'm good," she continued. 

Walmart has long been criticized for checking receipts at store exits like Costco and Sam's Club. However, people simply do not agree with this tactic of Walmart as Costco and Sam's Club both operate on a membership model while Walmart doesn't. "Am I mean for always walking past the people that want to see your receipt at Walmart?" asked one person on X. Many came to her defense, writing, "Nope. I do the same" while another wrote, "Absolutely not and after the no bag law passed, they feel entitled to play these security games."

Many Walmart employees have also taken to social media and spoken about the whole receipt situation. "The person checking receipts is only allowed to ask you for your receipt if you have anything in your cart that is not in a shopping bag," one employee wrote.



 

While the shoppers are not legally required to present their receipts at the exit gates, the truth is that some of these companies are struggling with theft. Back in 2022, Walmart's CEO publicly said that the company would have to close stores if theft didn't slow down. Unfortunately, for the chain, they ultimately had to shut down 24 stores nationwide.

Therefore, even though the consumer perspective makes sense sometimes, there's no denying that the chains are left with no other option. According to the NY Post, retailers lost close to $100 billion in 2021. The publication said that this epidemic of theft is not only impacting the bottom lines but also the operational strategies of massive companies ranging from Macy's, Target, Walmart, and Ulta. 

Woman in Supermarket | Pexels | Anna Shvets
Woman in supermarket | Pexels | Anna Shvets

However, the fact that consumers are always feeling the sense of being watched is ultimately going to harm the retail giants' sales. "From the consumer’s perspective, the feeling that everyone is watching you, suspecting you of shoplifting, creates a negative atmosphere," says Angela Y. Lee, a consumer psychologist and professor of marketing at the Kellogg School of Management at Northwestern to The New York Times. 

But looks like the surveillance is only going to increase with time. Retail giants like Walmart, Target, Lowe's, Kroger, CVC and Macy's are teaming up with the best technological companies to develop better and faster surveillance systems and other AI-powered tech. While the sense of being watched will only rise with time, there's a good chance that you won't be asked for receipts once they have better tech to prevent thefts.

RELATED TOPICS WALMART
MORE ON MARKET REALIST
It is a job that requires one to be at their most energetic on every single day they come into work.
27 minutes ago
The retailer hopes to make shopping experience a lot smoother for its loyal members.
1 hour ago
The components in the supplement could react with nitrate found in some medicines.
4 hours ago
The economy is unpredictable at the moment, and macro policies have affected their spending habits.
6 hours ago
The money would be sent to him by a wealthy Israeli-American family, who have been his friends.
7 hours ago
This recall, affecting retailers like Costco and Publix is classified as a class 2 recall on December 4, indicating potential health issues.
7 hours ago
“Congress did not intend that agencies could pay $86 million for their workers just to sit at home,” former OPM acting director said.
9 hours ago
“For 150 years, they wanted a ballroom, and we’re giving them — myself and donors are giving them, free of charge for nothing," he said.
10 hours ago
Contestant Ellie Williams, who is pregnant with her second child playfully revealed she would name her son "Ryan".
13 hours ago
The figure is not a small one, and many believe that they won't be able to achieve that goal.
1 day ago
For millions, up to $1,000 could be added to their healthcare premiums.
1 day ago
The government is looking for 1,000 people who will be hired for a couple of years.
1 day ago
Despite being recalled, it was found on shelves for several weeks in November.
1 day ago
The President's tariffs have not made life easier for Americans so far at all.
1 day ago
As per rules a lottery prize's lump sum payment is lowered to $434.7 million following a 24% federal tax withholding.
1 day ago
A court ruling has changed the original AT&T Data Incident Settlement claim deadline from November 18 to Thursday, December 18.
1 day ago
A Fox News poll indicated that 76% of respondents had an unfavorable opinion of the economy under Trump.
1 day ago
"So happy for him!! And his daughter getting emotional was so sweet, too!" a fan reacted.
1 day ago
In a Teneo survey, two in three CEOs said they expect AI to accelerate hiring.
2 days ago
Data from Parcl Labs shows home prices have dropped in multiple cities.
2 days ago