Retail Loss Growing Problem

Virtually every business experiences loss due to wow items theft, but today the retail industry's vulnerability to theft in the form of shoplifting as well as internal theft is unparalleled.

More than seventy percent of retail losses come in the form of internal and external theft and can seriously jeopardize a company's existence. Shoplifting can directly contribute to the financial failure of a company and can also put at risk the personal safety of all staff members within an establishment. Today an unprecedented number of businesses in the retail field are experiencing bankruptcy to a large part due to both internal and external shrinkage. Current figures estimate that the average retail outlet in North America will experience losses of 1 and 8 percent of their annual sales, last year these figures were between .5 and 6 percent of annual sales. In Britain, and Australia this figure has jumped to between 2 and 12 percent. According to many leading loss prevention experts it is expected that the retail industry in North America will experience similar increase in overall theft and losses with in the next year or two. It is suspected that the global economic crisis as well as instability in energy costs which in turn affects the cost of all consumer goods is primarily the main factors in the rise of overall theft.

Generally the type of business, the level of security, the level of inventory control and level of employee wow gold training determines the amount of losses that a retailer will experience. Even with sophisticated anti-theft devices theft continues to grow, as today's thief is more advanced and sophisticated than ever before. To a large degree the Internet has become a resource for shoplifters and other thieves to learn how to be a more successful thief.

The cost of shoplifting is often passed on to customers through higher prices which can make the business less competitive as well it makes consumers victims of this crime. Unless a retailer has strict inventory controls in place many retailers may not even realize the extent of the shrinkage which is taking place right in front of them.

Have a look at these Shoplifting Facts and Statistics.

Shoplifting is North America's # 1 property crime

Shoplifting has doubled since 2000

1 in 10 people is a shoplifter

In 2000 shoplifters stole buy wow weapons an average of $152.00 per incident today it is more than $200.00 per incident

Shoplifters are caught only 1 in 50 times

Most non-professionals buy wow weapons do not plan to steal in advance

Shoplifting is wow gold most active in the month of December

Sophisticated security systems alone do not stop all shoplifting

A typical retail business will suffer losses of between 1% - 8% of total gross sales due to retail shrinkage

The tax base wow gold is reduced and jobs are lost as a result of shoplifting

Adolescents account for nearly 50% of shoplifters, but they only steal one-third as much as adults

More than 50% of employees will look the other way while a shoplifting incident is in progress

Half of the employees steal to some degree

You maybe surprised by some of the statistics surrounding shoplifting. As we are currently facing an economic down turn it is unlikely that figures in shoplifting or employee theft will decrease. etc. He has more than twenty five years experience in retail and understands the cost of retail theft. In 1989 a record store he owned went under in a large part due to shoplifting. A few years later he was physically attacked by a shoplifter while managing a health food store. These two events inspired him to research and develop various training programs to better prevent, detect and deter both internal as well as external theft. For the last decade Tarasoff worked closely with law enforcement, security companies, trade associations as well more than 300 shoplifters were interviewed in order to better understand theft and how to best reduce theft.
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