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Business Observer Friday, Jul. 1, 2016 4 years ago

Takers and takers

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The bane of retailers, the rate of shoplifters and theft-prone employees, increased again in 2015, according to the Jack L. Hayes International Annual Retail Theft Survey.

The bane of retailers, the rate of shoplifters and theft-prone employees, increased again in 2015, according to the Jack L. Hayes International Annual Retail Theft Survey.

Apprehensions of shoplifters rose 2% to 1.17 million and apprehensions of dishonest employees rose 1% to 75,947 in 2015 over 2014, reports Jack L. Hayes International, a Wesley Chapel-based loss prevention consulting firm. The survey looked at 25 mega-retailers with a combined 21,288 stores and at least $700 billion in sales, according to a statement.

The retailers, the survey states, recovered $200 million from the thieves.

But the damage goes beyond stolen shirts and shoes. “Retail theft, by both shoplifters and employees, continues to plague the retail industry,” says Jack L. Hayes International President Mark Doyle in the statement. “Retail theft causes consumers to pay higher prices for goods, and is having a detrimental effect on retailers' bottom-line profits.”

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