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Wal-Mart theft numbers

Old 02-09-2009, 07:12 PM
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Default Wal-Mart theft numbers

So I had a casual conversation with an employee in electronics about the fact I had to pay for an item in the department. I didn't care, but we were just talking about how the item was only $30. But it was policy. The employee then made a statement that seems unbelievable. He said they had 1.3 million in theft in the past 10 months. So I say you mean in the state or maybe the county? He says no, in this store only! I'm shocked, do you think this is possible? I'm thinking he made some mistake with his numbers.
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Old 02-09-2009, 07:21 PM
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I would not be surprised if WALMART somehow makes the mfg. of the stolen items eat the loss.

They did a report on national news awhile back on why WALMART does not ask for ID when paying with a credit card. Their response was, "It slows down the transaction".

The truth is, WALMART's sales of merchandise purchased with stolen credit cards are huge. The CC companies eat the losses and pass them on to you know who.

The first place crooks go with stole CC's is off to Wally World.

Proud to say I don't shop there!
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Old 02-09-2009, 07:30 PM
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Default Re: Wal-Mart theft numbers

I'm not going to go through all the math I just did but if you look at yahoo finance, see their revenues and number of stores, divide it out, you'll see they average around $65 million per year, per store. This is an approximation because the numbers are for WMT corp which includes Sams Clubs etc, but it's close enough.

So at that rate, sales over 10 months for an average Walmart would be about $55 million. $1.3 million of that is 2%. Sounds low if anything.
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Old 02-09-2009, 07:44 PM
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When I was going to the sheriff's academy, I worked for loss prevention at Wal Mart. My first week, I went in to "clean" the store. This involves looking in the bathroom ceiling tiles, behind mirrors. I found $31, 000 in tags from merchandise. I made about 5 apprehensions a day. So there were probably 5 times that amount that got away. By the way, the cameras were used for employee theft. You could tell by the red/green light, wether an employee by passed the scanner.

I worked there for 8 months and we worked an employee theft case involving millions. They were returning low ticket items and refunding big ticket items. This happened when walmart used hand written return slips.

There is huge shrink, the term used for merchandise theft.

Occasionally we would target stores with 5 loss prevention agents. Once in awhile we would hit a Sam's Club store, but they do not have agents, they use cameras.

BTW, that greeter at the door, deterrent. The philosophy is, if someone's acknowledges you, you are less likely to steal.
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Old 02-09-2009, 08:39 PM
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What really makes it hard for those of us in retail, who fight the battle every day, are the big box stores whose policy is to forbid their employees from even confronting shoplifters. If you knew that you could walk into a store and fill a shopping bag with old navy blue jeans, and walk out, why wouldn't you?
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Old 02-09-2009, 08:51 PM
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Only a fool would steal from Wal Mart, their camera system is very good and their security guys are very aggressive if not overly aggressive. One thing many kids dont know (a large percent of the theft suspects) is that if they catch you stealing a candy bar (in Florida) WalMart can and will sue your parents for 500 bucks civil penalty... Its a huge money make for Wal Mart and they pay for their security personnel this way. Employee theft is a huge problem at many businesses...
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Old 02-09-2009, 09:19 PM
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The head of Loss Prevention at our Wal Mart was a Klepto. He would scuba dive through marinas going boat to boat stealing electronics and putting them in a watertight bag. Then he would hop back in the water and swim back to his Suburban.
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Old 02-10-2009, 04:12 AM
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signmansez - 2/9/2009 10:21 PM

I would not be surprised if WALMART somehow makes the mfg. of the stolen items eat the loss.

They did a report on national news awhile back on why WALMART does not ask for ID when paying with a credit card. Their response was, "It slows down the transaction".

The truth is, WALMART's sales of merchandise purchased with stolen credit cards are huge. The CC companies eat the losses and pass them on to you know who.

The first place crooks go with stole CC's is off to Wally World.

Proud to say I don't shop there!



Please don't pick on Walmart for not checking ID's when someone makes a purchase. Nobody checks ID's with CC. One of the most common CC frauds are committed via the Internet. Don't forget when the merchant swipes the credit card and it is approved the merchant is paid in full end of story. None of the merchants care. The dollar is the bottom line. Why don't the banks crack down and change their CC system this is where it should start. I guess for convenience of the customer it is built into their loss profit.
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Old 02-10-2009, 04:17 AM
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We did an walmart expansion to superstore size in our town about ten years ago. I was night foreman, and noticed several times how walmart employees would chase a thief in a pack and try to swarm them. Always wondered if that near minimum wage job was worth getting shot or stabbed by someone. If a person is paid to deal with it, it's one thing, but to be ordered to assist in taking someone down, and not knowing if they are armed or not didn't seem to make much sense. I would think they would tag along behind and get their plate number, they already have their picture.

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Old 02-10-2009, 04:21 AM
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So 1.3 million sounds reasonable? I really thought there must have been a mistake, but I suppose it could be correct. It just seems astronomical to me, I mean if that much stuff is walking out the door something is terribly wrong.
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Old 02-10-2009, 04:36 AM
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TheRealMacGyver - 2/9/2009 10:12 PM

. He said they had 1.3 million in theft in the past 10 months. in this store only!
That's a lot of skittle's, sweat pants and velcro sneakers
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Old 02-10-2009, 04:52 AM
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The average super walmart and Sams clubs have 230 cameras. Walmart also has its own installation teams and buys direct from the MFG. Each Walmart star has their own NDVR platform with analytic video capabilities. Home Depot at one point had the largest camera network in the world hanging 144000 cameras on their net work which featured analytic and intelligent video platforms that featured people tracking and traffic flow to determine which store and sales flyers were attracting the most business. Video has come along way from the vidicon tube camera.
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Old 02-10-2009, 05:43 AM
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I am covering a new walmart super center site with my job, and have gotten the chance to see their security system first hand. Granted, this is a new system, in a new store, but it's capabilities are amazing. Unfortunately, those loss numbers don't sound that far off given the volume involved.

The CC loophold is what bugs the crap out of me. Why the CC companies can't impliment a simple Pin # requirement to complete all transactions is beyond me. Very few stores require ID's be shown, and you can usually talk your way through that one if you have a good reason, like saying it's your bosses card.
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Old 02-10-2009, 05:55 AM
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Default Re: Wal-Mart theft numbers

kingair - 2/9/2009 10:44 PM

BTW, that greeter at the door, deterrent.





For who? Shoplifters that run the 100 meter in 52.7 seconds?


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Old 02-10-2009, 06:21 AM
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Default Re: Wal-Mart theft numbers

seabass man - 2/10/2009 7:12 AM

signmansez - 2/9/2009 10:21 PM

I would not be surprised if WALMART somehow makes the mfg. of the stolen items eat the loss.

They did a report on national news awhile back on why WALMART does not ask for ID when paying with a credit card. Their response was, "It slows down the transaction".

The truth is, WALMART's sales of merchandise purchased with stolen credit cards are huge. The CC companies eat the losses and pass them on to you know who.

The first place crooks go with stole CC's is off to Wally World.

Proud to say I don't shop there!



Please don't pick on Walmart for not checking ID's when someone makes a purchase. Nobody checks ID's with CC. One of the most common CC frauds are committed via the Internet. Don't forget when the merchant swipes the credit card and it is approved the merchant is paid in full end of story. None of the merchants care. The dollar is the bottom line. Why don't the banks crack down and change their CC system this is where it should start. I guess for convenience of the customer it is built into their loss profit.
There is a reason that you are supposed to sign the back of your card. That is so the clerk can match the sig with the one on the pad. This system is a joke and everyone knows it.
In bold marker, the back of my card says "ASK FOR PHOTO ID".

I know the CC companies don't recommend this but I would say about 90% of the clerks ask for my ID.

In my experience with WM I was never asked for ID, so I no longer shop there.

It won't stop the thief from using my card there but WM won't get anymore of my business.
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Old 02-10-2009, 06:37 AM
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Default Re: Wal-Mart theft numbers

signmansez - 2/10/2009 9:21 AM

seabass man - 2/10/2009 7:12 AM

signmansez - 2/9/2009 10:21 PM

I would not be surprised if WALMART somehow makes the mfg. of the stolen items eat the loss.

They did a report on national news awhile back on why WALMART does not ask for ID when paying with a credit card. Their response was, "It slows down the transaction".

The truth is, WALMART's sales of merchandise purchased with stolen credit cards are huge. The CC companies eat the losses and pass them on to you know who.

The first place crooks go with stole CC's is off to Wally World.

Proud to say I don't shop there!



Please don't pick on Walmart for not checking ID's when someone makes a purchase. Nobody checks ID's with CC. One of the most common CC frauds are committed via the Internet. Don't forget when the merchant swipes the credit card and it is approved the merchant is paid in full end of story. None of the merchants care. The dollar is the bottom line. Why don't the banks crack down and change their CC system this is where it should start. I guess for convenience of the customer it is built into their loss profit.
There is a reason that you are supposed to sign the back of your card. That is so the clerk can match the sig with the one on the pad. This system is a joke and everyone knows it.
In bold marker, the back of my card says "ASK FOR PHOTO ID".

I know the CC companies don't recommend this but I would say about 90% of the clerks ask for my ID.

In my experience with WM I was never asked for ID, so I no longer shop there.

It won't stop the thief from using my card there but WM won't get anymore of my business.
I have to agree with Seabass. I do a ton of CC transactions every month and at a lot different places. Usually about 20k /month. I would say I am rarely to never asked for an ID anywhere... Home Depot is the only place I can think of offhand that actually looks at you sig vs CC. An Actual ID check only happens on transactions of 5k or more and then only at certain locations... It not just a Walmart / WM thing.
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Old 02-10-2009, 06:53 AM
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Believe me I have never been asked for ID ever. Just the other day at Home Depot I used the express checkout. No employee to even check my merchandise.
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Old 02-10-2009, 07:03 AM
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So, would you guys be happier if you had to go in the store and stand in line to show your ID every time you bought gas? We ask for picture IDs in my stores for every CC purchase.
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Old 02-10-2009, 07:46 AM
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signmansez - 2/10/2009 6:21 AM
There is a reason that you are supposed to sign the back of your card. That is so the clerk can match the sig with the one on the pad. This system is a joke and everyone knows it.
In bold marker, the back of my card says "ASK FOR PHOTO ID".

I know the CC companies don't recommend this but I would say about 90% of the clerks ask for my ID.

In my experience with WM I was never asked for ID, so I no longer shop there.

It won't stop the thief from using my card there but WM won't get anymore of my business.
You shouldn't sign the back of the card. If you have a signature on the card they aren't required to check for your id. The signature pad just helps a thief learn your signature.
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Old 02-10-2009, 08:16 AM
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The communist Hildebeast sat on the the Board of Directors for wally world Yet the union supports her (shows you the mentality there) Why would you shop there??? Up here in Mass if you can't entendo espanol you miss half of the specials anyway
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