Originally posted by: FeuerFrei
Originally posted by: randym431
No big deal, but many Wal-Mart?s are seeing huge stock losses thru theft. One local was $138,000 short in their inventory. Seems people are stealing Wal-Mart blind.
I think $138,000 worth of "shrink" is pretty typical. I worked at Wal-Mart for four years and heard some figures.
They have ~$5-6 million dollars worth of inventory in the rear stockroom.
Sometimes stuff will be damaged on the truck during shipping and employees will just throw it out without properly writing it up and recording it as damaged. Also customers will open up food containers, eat a portion, and leave the rest on the shelf in various parts of the store. Many items are damaged just by customers handling and dropping stuff. Of course I'm sure returns cost them lots of money, like returned paint cans full of water, and tents that are sold by Dick's Sporting Goods, not Wal-Mart. Also, there are accidents when employees in the back room using the forklift/stacker knock a bunch of freight off a pallet and it falls to the floor... or maybe they stack the pallets too high and the whole tower tips over. Oops. Canned softdrink cases can spew pretty far, BTW. One time a manager caught this guy stealing $1200 worth of cds/dvds. He had filled a heater box full of them and paid $42 at the register but the manager had been tipped off and was waiting to inspect his purchases at the door. Assistant managers often make appearances in court to prosecute shoplifters.
Oh yeah, you can't trust contractors that remodel your store either. Various fixtures and supplies turn up missing before they are installed.
Personally, I was instrumental in knocking over an entire half-stackbase full of IBC bottle six-packs. Me and a manager were trying to straighten up the stack in the aisle without tearing it down and rebuilding it case by case. But I pushed too far and bottles of Crush and IBC shattered all over the floor.
Wal-Mart also has undercover loss prevention people that appear to be customers but whose sole purpose is to keep an eye on suspicious acting customers.