#1,778 - Giant Foods CEO says stores will be closed if shoplifting continues at current rate

Another retailer is threatening to close stores due to theft.

This time, it's Giant Food, which operates about 170 stores in Delaware, Maryland, Virginia, and Washington, DC. Giant President Ira Kress told Washington DC radio station WTOP on Monday that thieves are stealing "everything," from shrimp to deodorant, at Giant's stores. In response, the chain has placed more items under lock and key, forcing customers to ask for an employee's help.

Kress said he's worried about violence at Giant's stores.

"What we always must do is ensure we can run our stores safely and profitably," Kress said to WTOP. "If I can't do both of those things, I'll have no choice but to close a store. This clearly takes a toll." Kress didn't say which stores might close.

To deter theft, Giant has also limited the number of items that customers can buy at once through its self-checkout lanes to 20, Kress said. The move has drawn criticism from some customers who want to buy full baskets of groceries, from produce to packaged foods, he added.

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