Tue, December 10th, 2013 - 3:00 pm - By Gordon Basichis
T’s the season to be giving. Seems it is also the season to be taking. Since every season is open season for employee theft. Employee theft is on the increase. According to the annual Retail Theft Survey, employee theft is up some 5.5 percent.
According to the article in the Digital Journal…”Retail theft was up 5.5 percent in 2012, according to the Annual Retail Theft Survey. The survey, which reviewed the records of 23 major retailers, logged a similar increase in 2011, which could offer a warning about prevailing issues in the retail industry.
“The seriousness of retail theft is a much greater problem than many people realize,” says Mark R. Doyle, president of Jack L. Hayes International, the company that conducts the survey each year. “These theft losses are stealing profits from retailers and driving retail prices higher for the consumer.”
Retailers apprehended more than 1.1 million shoplifters and employees in 2012, and recovered more than $189 million in goods. To keep these losses down, experts recommend retailers become aware of the following major risks that fuel internal loss.”