Retail theft and fraud in London up 10%

As though the financial downturn were not distressing enough, the weak economic system has resulted into a soaring retail crime by shoplifters, corrupt employees and organised felonious groups; and their despair in the downswing has caused these shoplifters and fraudsters to go for higher value merchandise, which they often sell at boot sales and on the internet.

It’s normal that during periods of financial depression that stealing become more widespread, but these criminal acts are costing retailers all ...

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Retail security: What do retail merchants should know about crime

Why discuss it now?

The Centre for Retail Research issued the ‘Shopping and Crime’;  a report which claims that shoplifting is one of the most prolific crimes in the United Kingdom, which costs retailers much more than burglary and mugging.

Even so, the Global Theft Barometer, that assesses the lost revenue attributed to retail crime, indicates that notwithstanding the billions that it is costing retailers and the increasing incidence rates, there is apathy to retail crime consequently it seems ...

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Safe and secure

Each one of us needs to feel secure whilst going about our shopping. A lack of security can dissuade potential customers from shopping in particular stores. Retailers are very aware of this and many are putting in place a range of strategies and systems to address the problems; to ensure customers feel safe and keep coming back.

There is no doubt that retail crime is very costly to retailers. Retailers must provide security systems to protect their customers ...

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