High Streets Initiative Carly Hacon · 30 May 2018
Infographic: Shoplifting has risen 4% since last year with 370, 000 crimes being reported
Shoplifting comes at a pricey expense for retailers, as recent research shows that out of the 700m costs of retail crime, 71% is induced by stealing (British Retail Consortium). As part of a new study, OnBuy.com investigated the number of shoplifting crimes recorded by 42 police forces across England and Wales from April 2017 to March 2018. The highest shoplifting rates were in London with 46, 840 incidents reported to the Metropolitan Police, the equivalent to 128 cases per day. In second place was the West Midlands, with offences racking up to 19, 851. Whereas, the lowest number of retail thefts reported were to Dyfed-Powys Police at 1, 861. However, they did receive the biggest year-on-year increase at 21% from the financial year before. Commenting on the rise in shoplifting, Cas Paton, managing director of OnBuy.com said: it’s a crime which is financially burdening retailers. it’s unfortunate because many owners spend a lot of time, money and energy ensuring all aspects of their operations are running effectively and efficiently. whilst shoplifting may seem difficult to prevent, there are certain cost-effective precautions retailers can take to deter shoplifters from targeting them. precautions such as training employees to identify the behaviours associated with shoplifters and appropriate signage to warn potential offenders about the seriousness of the matter. To aid retailers OnBuy, has offered four tips to reduce the likelihood of shoplifting at retail businesses.
ABOUT THE EXPERTCarly Hacon
Carly Hacon is a reporter for Business Advice. She has a BA in journalism from Kingston University, and has previously worked as a features editor for a local newspaper.