Uncle Sam's army: Walmart in the American imagination
Walmart began as a small mom and pop store in Arkansas in the 1950s and has evolved into one of the largest retailers in the world today. The chain’s major hallmark: selling goods at prices lower than local mom-and-pop stores. (Sources: WEF Reports, Statista, Business Insider, Bloomberg)
Curated By: Madhu Kapparath
Walmart loses about $3 billion a year from shoplifting, and have a ‘restorative justice’ programme that avoids calling the police. People deemed low-risk, first-time offenders are given the choice of paying to take an anti-shoplifting course rather than facing arrest and prosecution. The effort - rolled out in 1500 stores - is in its early days, but the company has seen a 35% reduction in calls to law enforcement nationwide, according to The Motley Fool. The retailer does not disclose what the programme fee is
