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Wal-Mart Posts a $3 Billion Dollar Loss Due to Theft

06.14.07 | Comment?

Someone walks into your local neighborhood Wal-Mart, picks up a flat screen television, and walks out without paying. According to the Associated Press, this is happening everyday at Wal-Marts around the world, and Tuesday Wal-Mart posted a $3 billion dollar loss for the year of 2006, due to theft.

While the retailer is not giving details on what types of crimes are being committed in the stores, analysts say shoplifting, employee theft, paperwork errors and supplier fraud are the main contributers.

Read the rest at Associated Content > 

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« Blockbuster Undercuts Rival Netflix
» Study: A Lack of Sleep Can Put Stress on Heart and Can Be Fatal