Credit Cards

Cost of retail crime soars to over £1.6b

The overall cost of retail crime in the UK has soared by 15.6% in a year to £1.6bn as the sector is targeted by serious, organised criminals. But the The British Retail Consortium’s Retail Crime Survey 2012 pdf, reports that the proportion of shoplifting incidents reported to police has fallen to one in eight, suggesting that officially reported…

Shoplifting

Recession ‘fuels UK shoplifting’

Shoplifting has surged to record levels in the UK, fuelled by the recession, according to a study. The value of retail goods stolen rose 20% to £4.88bn in the year to June, the Centre for Retail Research said. The UK had the highest amount in value of shoplifted goods in Europe and was third behind…

Retail Crime

BRC Retail Crime Survey 2011

The British Retail Consortium’s (BRC’s) Retail Crime Survey 2011, published this morning, shows fewer incidents for many types of crime but each incident on average has been more costly and so total losses have increased sharply compared with the previous year. Expenditure on crime prevention by retailers taking part in the survey rose by 1.4%…