Recession in retail sector has started – Wal-Mart starts catching shoplifters to survive the nasty slowdown
Thomas Gomez
Jul. 11, 2007

The retail sector has started tumbling. The retailers are all coming out with lower guidance. The car sells are in real trouble. Many dealerships will close in the next two years. The car prices will also tumble as people refuse to buy new cars with higher insurance and gasoline costs.

Wal-Mart Stores Inc. this week tightened its rules on prosecuting young shoplifters, lowering the age at which it will prosecute and authorizing store managers to call the police if a parent doesn''t appear within an hour to retrieve a child.

The policies, which went into effect Monday, now include prosecuting first-time shoplifters as young as 16 years old, compared with the previous limit of 18. The company also will prosecute younger shoplifters whose parents don''t quickly respond to a store's call, and children repeatedly caught stealing.

These cost control measures are early signs of recession in the retail sector.

Recession in retail sector has started – Wal-Mart starts catching shoplifters to survive the nasty slowdown
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The retailers are all coming out with lower guidance. The car sells are in real trouble. Many dealerships will close in the next two years. The car prices will also tumble as people refuse to buy new cars with higher insurance and gasoline costs.
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