UK retailers lose £4.9 billion due to theft
UK retailers lost £4.9 billion due to shoplifting, organised retail crime, fraud and administrative errors during the last 12 months, according to a report. This represents an increase of more than 6.2% on the previous year.
The Global Retail Theft Barometer compiled by the Centre for Retail Research on behalf of Checkpoint Systems found that 43.8% of the total loss was due to shoplifting by staff while 36.1% was a result of theft by customers.
Neil Matthews of Checkpoint said: “The fact retail loss has increased so significantly should certainly not be taken lightly. It’s extremely worrying that the actions of some people can end up affecting innocent families financially, which is a cost the majority of people can ill-afford in this tough economic climate.”
He added: "Compared to the 2010 figures, loss among the high-risk food lines has shot up by more than the global average, evidence that they are increasingly being targeted by shoplifters."
Email this article to a friend
You need to be logged in to use this feature.
Please log in here