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Fashion retailers at greatest risk of in-house theft

Clothing retailers are three times more likely to suffer from internal theft than average high street businesses.

According to the Retail Loss Prevention Fashion Forum, internal theft made up 32% of the total lost at fashion retailers. This compares with only single-digit proportion at other businesses.

The forum said internal theft was “no longer ‘the elephant in the room’, and is a key focus for shrinkage reduction”.

Of those surveyed, 65% reported an increase in staff theft, with more than one third of employees involved were “in a position of trust”. 

Mitch Haynes, chair of the forum and head of security for Aurora Fashions and Karen Millen, said that the survey’s findings “chimed with other retailers”- but added it was still unclear why clothing was a particular target.

“It could be the case that the fashion industry is more susceptible, or it could equally be the fact that there is no consistent and robust measure of crime and some retailers measure and report crime in different ways,” he said. The difficult economy was also noted as a factor.

 

 

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