AOL Money & Finance

Wal-Mart loosens policy on shoplifting to cut costs

More

Maybe Wal-Mart is prosecuting way too many shoplifters these days -- weighing down costs in court or something. In a rather bizarre move by the world's largest retailer, Wal-Mart has decided to stop prosecuting shoplifters who steal items valued at less than $25 from its shelves. Maybe it'll just slap folks who steal a pack of gum on the wrist and send them on their way or something.

The new Wal-Mart policy calls for prosecuting anyone between the ages of 18 and 64 who shoplifts more than $25 -- where the threshold before had been $3. Reading from this source article, it looks like a cost-cutting policy change to me -- and it makes sense. Is the cost to prosecute someone who takes a $15 pair of shorts more than the shorts are worth? Of course it is -- probably by a factor of 10. Of course, this policy change includes that after a second incident of a less-than-$25 shoplifting charge, that prosecution will be reinstated. Otherwise, they'd see a rash of $10 shoplifting charges for groceries and the like most likely.

With many police officers actually stationed at Wal-Mart -- at taxpayer expense -- I'm sure many police departments across the country are breathing a sigh of relief here. The flood of petty arrests at Wal-Mart for just a few dollars worth of goods may finally be over, and extra uniforms can be deployed to more important things, like solving crimes and arresting drunk drivers. With Wal-Mart always seeking ways to reduce costs, this is a good move on its part.

Reader Comments (Page 1 of 1)

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 25, 2009: 11:20 PM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

WalletPop Headlines