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Market Chatter: Walmart Opposes New York's Panic Button Mandate for Retail Stores
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Market Chatter: Walmart Opposes New York's Panic Button Mandate for Retail Stores
Jun 10, 2024 2:00 AM

04:35 AM EDT, 06/10/2024 (MT Newswires) -- Walmart ( WMT ) opposes a New York law requiring panic buttons in stores to protect retail workers because of the likelihood of false alarms, Reuters reported Saturday, citing Dan Bartlett, the company's executive vice president of corporate affairs.

"Eight out of 10 times somebody thinks something's going on, there's actually not," Bartlett told Reuters.

The panic button requirement of the New York law is due to go into effect in 2027 for retailers that employ over 500 people nationwide, according to the report.

Walmart ( WMT ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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