Highest Retail Crime Levels In Ten YearsSunday, 1st March 2015 at 11:36am
The British Retail Consortium (BRC) has recently reported that retail crime in the UK reached its highest level for ten years in 2014.
Shoplifting, cybercrime and fraud cost retailers more than £600m, in spite of businesses spending an average of £2m each on crime and loss prevention measures.
The Retail Gazette reports that whilst the volume of offences decreased over the past twelve months, an increase in the value of each incident – up to an average of £241 – ensured that the total cost of retail crime rose by almost 20% year-on-year.
The BRC’s report attributed this to the increasing impact of organised gangs. With criminals becoming increasingly sophisticated, and their impact increasingly damaging to retailers’ bottom lines, it is more important than ever for businesses to maximise the recovery of their losses.
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