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The Global Retail Theft Barometer, 2009.
The latest edition of the Global Retail Theft Barometer covers 41 countries including the U.S., China, Australia, France, Germany, Brazil, South Africa, Turkey, and India. Data was collected from 1,0689 of the largest retail corporations world-wide with combined sales of $822 billion.
Produced by Professor Joshua Bamfield of the Centre for Retail Research in Nottingham, the survey sets out customer and staff theft, fraud, loss prevention expenditure, supplier and vendor dishonesty and shows that whilst the world loss average for 2008/9 is 1.43%, UK losses fell from 1.34% to 1.30% with the UK coming in at 23 in the table of losses.
Customer theft cost UK retailers £1,595 million, employee theft £1,273 million, supplier fraud £209 million, card fraud £73 million, robbery/burglary £39 million, error and waste £666 million with security and loss prevention costs of £785 million.
The main areas for loss were clothing and fashion accessories, DIY, hardware, perfume and health and beauty and pharmacy goods.
To read the report summary click here
30 July 2010