11
Apr
2013
By Calvin at 14:00 GMT, 13 years ago
My thanks to our friends at Crime Reduction Partnership News for the following news item:
Theft by customers and employees comprises 78.2% of shrinkage, according to a new loss prevention report by Professor Joshua Bamfield, Director of the Centre for Retail Research, UK.
New products in fast-paced categories such as electronics, perfumes and sportswear are the most likely to be stolen. Fresh meat remains a high-theft category for supermarkets and hypermarkets.
The report on global retail crime and loss prevention (LP) trends since 2001 has also found that the number of retail thieves apprehended annually continues to be about six million. This is just the very tip of the iceberg, the Nottinghamshire-based Centre for Retail Research suggests.
The report points out that the role of LP departments is evolving to increasingly provide a strategic service to the other areas of the business. Online retailing and new payment systems such as smart-phones bring new risks to the industry, meaning that LP professionals would benefit from working closely with IT, store operations and marketing in the fight against crime.
The full report ‘Changing Retail, Changing Loss Prevention’ is available free from www.checkpointsystems.com (after first registering) at this link: http://www.checkpointsystems.com/en/news-events/press-releases/2013/Bamfield_Report2013.aspx
