Just 23 major retailers apprehended over 1.1 million shoplifters and dishonest employees and recovered over $189 million from these thieves in 2012, according to the 25th Annual Retail Theft Survey conducted by Jack L. Hayes International, the leading loss prevention and inventory shrinkage control consulting firm.
“In 2012, shoplifting apprehensions increased 7.4% and the recovery dollars from shoplifters increased a amazing 22.7%. Dishonest employee apprehensions and recovery dollars also increased in 2012, 5.5% and 7.0% respectively”, said Mark R. Doyle, President of Jack L. Hayes International. “It should be noted that these increases follow similar increases reported the previous year!” Mr. Doyle added, “The seriousness of retail theft is a much greater problem than many people realize. These theft losses are stealing profits from retailers and driving retail prices higher for the consumer.”
To read the complete survey, click here.