Home Depot CEO Cries Out About the Growing Trend of Retail Theft and its Harm to the Retail Industry
Story by Olawale Ogunjimi •
18h
Some of the country's top retailers are shutting down their stores, not because of poor patronage but as a result of retail theft. Recently, a Home Depot top executive has stepped forward to shed more light on the rising threat.
Retail theft has grown beyond the random and low-scale incidents we were used to. Now, the perpetrators are more defiant and the operations more harmful.
Over the past year, Home Depot has lost two of its staff - Blake Mohrs, 26, and Gary Rasor, 83 in two such incidents. Home Depot CEO, Ted Decker, has described the new wave of theft as a "big problem for retail."
To worsen matters, retail theft has now assumed an organizational dimension. In August 2023, a pastor was arrested for orchestrating the theft of over $1.4 million worth of goods from multiple Home Depot stores in Florida.
https://www.msn.com/en-us/money/companies/home-depot-ceo-cries-out-about-the-growing-trend-of-retail-theft-and-its-harm-to-the-retail-industry/ar-AA1h6oev?ocid=msedgdhp&pc=U531&cvid=32c5c3cde6ec4a2cad8023360b350da4&ei=44
