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The retail industry loses $119 billion worldwide to shoplifting, employee theft and administrative errors
(20/10/2011)

According to the Global Retail Theft Barometer, the global shrink rate is 6.6% higher than the previous year, and represents the highest percentage recorded by the survey since it began in 2007. Shoplifting, employee or supplier fraud, organized retail crime and administrative errors cost the retail industry $119 billion in 2011 or 1.45% of sales. The study underwritten by an independent grant from Checkpoint Systems, Inc. monitored the cost of shrink (loss from shoplifting, employee theft a... [more]

Retail loss from theft, fraud and error increases by over 6 percent in the UK
(19/10/2011)

The Global Retail Theft Barometer (GRTB) is an annual survey conducted by the Centre for Retail Research in Nottingham, UK underwritten through an independent grant from Checkpoint Systems. This study is the largest and most comprehensive survey of retail theft and crime in the world. The study covers key trends in retail shrinkage and crime in 43 countries and regions across the world Shoplifting, fraud, organised retail crime and administrative errors have cost the British high street an es... [more]

Global retail shrink rates decrease but one in three retailers report increased actual or attempted shoplifting
(21/10/2010)

According to the fourth annual edition of the Global Retail Theft Barometer, global retail theft totaled $107.3 billion in 2010, representing a 5.6% decrease from the prior year (6.8% in the U.S.). The study, sponsored by an independent grant from Checkpoint Systems, monitored the costs of shrink (loss from shoplifting/employee crimes and administrative errors) in the global retail industry between July 2009 and June 2010, and found that shrink decreased in all regions surveyed. The biggest d... [more]

Shops are vulnerable to recession-fuelled crimes such as theft of valuable display stock
(04/12/2009)

New figures from the Centre for Retail Research, an independent organisation providing research and consultancy for the retail sector, showed the UK at the top of Europe’s retail crime ‘league table’. The Global Retail Theft Barometer report, which is the largest of its kind, surveying over 1,000 retailers worldwide, shows that an extra £750 million worth of items were stolen than in the same period in 2008. But employee theft is also rising and now accounts for an average £1585.66 loss per i... [more]

Reduced security spending linked to increased retail shrinkage as retail theft reaches 115 billion dollars worldwide
(10/11/2009)

According to the third annual edition of the Global Retail Theft Barometer, the level of global retail theft reached $114.8 billion in 2009, representing a significant increase of 5.9% over last year’s total of $104.5 billion. The study monitored the costs of shrinkage and crime in the global retail industry between July 2008 and June 2009, and found that the rise in shrink occurred in all regions surveyed, with the greatest increase in North America (+8.1%), Middle East-Africa (+7.5%) and Eu... [more]

The UK is the worst nation in Europe for shoplifting
(14/11/2008)

As economic doom and gloom casts a dark shadow across the country and disposable income reaches an all-time low, it comes as no surprise that light-fingered customers and employees have been looking to unlawful means in a bid to get their hands on the most desirable goods. According to a report published by Checkpoint Systems, the UK is the retail crime capital of Europe. The annual study carried out for Checkpoint by the Centre for Retail Research shows that in the last year, retail crime t... [more]

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