Almost 1.2 million shoplifters and dishonest employees were apprehended in 2013 by just 23 large retailers who recovered over $199 million from the thieves.
Almost 1.2 million shoplifters and dishonest employees were apprehended in 2013 by just 23 large retailers. Over $199 million was recovered from these thieves, according to the 26th Annual Retail Theft Survey from Jack L. Hayes International.
A study into retail theft shows that restaurant workers under surveillance are less likely to steal and that employee surveillance enhances a restaurant’s bottom line.
Shrink—comprised of shoplifting, employee or supplier fraud, organized retail crime and administrative errors—cost the retail industry more than $112 billion globally last year, according to the 2012-2013 Global Retail Theft Barometer, and represented 1.4 percent of retail sales, on average.
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