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Retail Loss Figures

Tuesday, 13 January 2009 00:00

RETAIL CRIME IN THE UK

UK FIGURES FOR 2006

Retail shrinkage in the UK rose from 1.33% to 1.34% in line with results in many other European countries. In 2000, it had been 1.77% of turnover. in 2002 to 1.33% in 2006.

'Shrinkage' measures stockloss caused by crime, waste and error.

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The Costs of Crime: These were the overall 2006 crime costs of UK retailers:

Customer theft	£1877 M
Employee theft	£1082 M
Supplier fraud	£265 M
Card fraud	£61 M
Robbery/burglary	£20 M
Error and waste	£614 M
Security and loss prevention	£772 M
The total UK costs of retail crime consist of the losses from thefts by customers, staff and suppliers, and the costs of security. Costs of Retail Crime £3,997 million