's CEO has warned that the retail giant may have to hike prices and shutter some stores amid 'historically high' thefts.Speaking on CNBC's Squawk Box Tuesday, Walmart CEO Doug McMillon admitted that theft has become a major issue for the chain known for its low prices, saying district attorneys' lenient policies need to be 'corrected.''If that's not corrected over time, prices will be higher and our stores will close,' he told co-host Rebecca Quick.
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