Retail crime in theUKis the worst inEuropewith a total cost of £3.9 billion according to a report made by Checkpoint Systems’ Global Retail Theft Barometer (GRTB).
The UK consumer ends up paying £150 in absorbed costs, which is lower than the USA at £194.01 but still way above the European average of £115.18.
Clothing and accessories have the second highest levels of shrinkage in Europe with a loss of 1.69% of turnover. Although footwear and sports goods stores had the lowest levels of shrinkage at 0.67%, the sector did see one of the biggest rises in theft.
Womenswear is the third most vulnerable product in Europe with childrenswear, accessories and designer wear occupying the seventh, eighth and ninth spots respectively. Footwear was the twelfth most at risk item.
In the UK, customer theft accounted for 42.6% of the shrinkage, which is below the European average of 48.5%, but employee theft was higher at 34.9% a opposed to 28.6% across Europe.