You’ve heard about shoplifting but do you know how much it costs you? Shoplifting is not just a loss to the store. It’s a loss to everyone because someone has to pay for the stolen item. The store owners pass the cost on to their customers through price hikes.
The Global Retail Theft Barometer is the world’s largest and most comprehensive survey of retail. The Global Retail Theft Barometer report for June 2010 is out. The report says in the United States alone lost over $39 billion dollars in retail thefts and employee errors and theft. American retailers are saying that employee theft is more in the United States then in other countries.
What is stolen depends on the store itself. According to the report, the most stolen items in the United States are cosmetics, perfumes, auto parts, building materials, name brand fashions and accessories.
What that means to you and your pocket book is that you’ll be paying more for items. The average American family will pay more then $423.00 this year, due to shoplifting.
If there is any good news in the report, it’s that losses are down 7% from the previous year. This is partly because companies and stores are spending more on security measures which over time will mean savings to the average family.