Annual Theft Survey Says Shoplifting Continues to Rise
More than 432,000 shoplifters and dishonest employees were apprehended in 2017 by just 21 large retailers who recovered over $188 million from these thieves, according to the 30th Annual Retail Theft Survey by Jack L. Hayes International.
“Theft continues to plague the retail industry, with shoplifting leading the way! In 2017, Shoplifting apprehensions increased 2.3%, with the dollars recovered from these shoplifters increasing almost 13%. This is the 8th rise in both shoplifter apprehensions and dollar recoveries in the past 10 years. Recoveries from shoplifters where no apprehension was made increased for the 21st consecutive year, up an amazing 18% in 2017″, said Mark R. Doyle, President of Jack L. Hayes International. Doyle added, “While dishonest employee apprehensions and recovery dollars were down (almost 4% and 7% respectively), retail theft overall continues to be a serious problem for retailers negatively impacting their bottom-line, which results in higher prices to consumers.”