Shoplifters and dishonest employees stole over $5.8 billion in 2005 from just 24 major retailers, according to the 18th Annual Retail Theft Survey conducted by Jack L. Hayes International, the leading loss prevention and inventory shrinkage control consulting firm. These surveyed retailers apprehended over 670,000 shoplifters and dishonest employees in 2005, and recovered more than $127 million from those apprehensions.
"The recovery dollars are amazing this year, as recoveries from both shoplifters and dishonest employees were up over 16 percent each from 2004," said Mark R. Doyle, President. "The dollar losses are staggering as the average shoplifting case value ($126.87) jumped an amazing 21.5 percent over 2004, while the average dishonest employee case value ($724.15) increased 5.72 percent over the prior year." Mr. Jack Hayes added, "Theft losses experienced by retailers are a much greater problem than most people realize. Retail theft drives consumer prices higher, hurts our economy, and even forces some retailers to close their stores and go out of business."
This highly anticipated annual survey reports on over 670,000 apprehensions taking place in just 24 large retail companies representing 13,313 stores with combined 2005 annual sales in excess of $519 billion. Survey highlights:
While total apprehensions of shoplifters and dishonest employees decreased in 2005 by 2.4 percent (693,177 vs. 676,451); the total dollar recoveries from those apprehensions exceeded $127 million, an increase of 17.3 percent over 2004.
Survey participants apprehended 607,457 shoplifters in 2005, reflecting a decrease of 3.78 percent from the previous year.
For the fifth straight year, the dollars recovered from those apprehended shoplifters ($77.0 million) increased. In 2005, shoplifter recoveries increased an amazing 16.9 percent, over 2004.
One in every 26.5 employees was apprehended for theft from their employer in 2005 (based on over 1.8 million employees).
Both the number of dishonest employees apprehended (68,994) and the dollars recovered during those apprehensions ($49.9 million) increased for the second straight year in 2005 (11.4 percent and 17.8 percent respectively). For full survey results visit: http://www.hayesinternational.com.
Source: Jack L. Hayes International