Rumors of “hundreds of arrests and closures” have led Walmart shoppers to lash out at self-checkout fears following a spike in thefts.
Vincent Briatore (@VincentBriatore2) has over 17,000 followers on TikTok and provides commentary on news stories.
3
3
3
In some of his videos, Vincent shares a report from Walmart CEO Doug McMillon announcing significant changes at the retailer due to historically high levels of theft.
Walmart has closed at least 160 stores in recent years, and McMillon reports the company has lost more than $3 billion to the theft.
Vincent replied to another TikToker claiming that Walmart will make $152 billion in 2022.
However, Vincent said the figure is revenue, not profit.
“Our stores in the US alone make about $1.1 billion a year in profit. The number 153 is revenue,” he said.
“There is a difference between revenue and profit. Revenue is all the money that comes in.
“Profit is what is left after paying everyone and paying the cost of goods sold.”
Vincent added that Walmart has received a lot of criticism.
In another video, Vincent warns shoppers using self-checkout kiosks, saying Walmart and other stores are “not kidding.”
“hundreds [are] Arrests have been made all over the country, and we’re not just talking about in-store,” he said.
“I’m talking about them knocking on your door in the middle of the night and arresting you.
In October, it was reported that the retail giant would begin cracking down on texts, arresting customers for stealing products.
Vincent received over 11,000 comments from customers who were unhappy with the change.
“It seems easier to hire a cashier and close the self-checkout,” wrote one.
“So, if self-checkout fails, [sic] If you actually pay, you’re locked in,’ wrote another.
A third party advised that shoppers should seek legal counsel if they were arrested.
“I go out every time.”
The US Sun has reached out to Walmart for comment.
