Shoplifters cost retailers £4.4billion a year! Good work lads!
It has been reported that shoplifting costs retailers in the UK a whopping £4.4bn per year. A third of that loss is attributed to employees nicking stuff from their place of work.
While it is an impressive amount of theft going on, the bad news is that the average shopper has to cough-up an extra £180 a year to cover the cost to stores of combating crime (which they're clearly not doing very well).
This research comes from the 10th annual survey into retail theft by the Centre for Retail Research. Catchy eh? They reckon that the average theft by a visiting shoplifter is £93 but those with a proper criminal mind who are in the employ of a company manage to make off with swag worth £1,988.
The most popular target for shoplifters is alcohol, in particular whisky. This writer once allowed £300+ worth of whisky to get stolen from a shop he worked in because he was too lazy to intercept the scallies at the door, despite the fact they were weighed down with giant bottles of the stuff.
Employees are reportedly responsible for thefts relating to cash, topping up loyalty cards or using credit cards fraudulently.
Professor Bamfield, author of the report said: "At one time it was razors because they are small and easy to sell on. But stores have tightened up security on these products which has pushed them into third place. Shaving products, perfume, skin oils leather goods and designer wear and small expensive items such as batteries can be sold on relatively easily."
"Companies have had to up their game to beat this problem. A lot of the goods don't have a very high profit margin, so retailers have to sell a lot more to get back what has been lost. Many start with educating staff about the issue, explaining to them that pinching goods is not a perk of the job."
"[Employees] may start off taking £2 a week from the till, but after a few months start taking £50."