Checkpoint security systems annual report on retail theft

Released by checkpoint security systems and the Center for Retail Research on October 19th, 2010, the Global Retail Theft Barometer reports on several factors of retail theft around the globe. I was surprised by one statistic that was almost a complete flip of the US numbers.

In the US employee theft accounts for about 43% of the retail loss numbers and shoplifting about 36%.  Globally the numbers are 43% shoplifting and 35% employee theft according to the University of Florida’s National Retail Security Survey which is considered to be the most comprehensive and accurate in the industry. A variable that is unknown in the US is how employee involvement in aiding shoplifters affects the numbers.

One interesting finding that the global study highlighted was the apparent correlation between increased spending in security measures and a decrease in theft.  Solutions such as checkpoint security systems will deter theft both externally and internally.  Installing a checkpoint security system creates awareness among all employees due to the use of the anti theft devices such as clothing security tags or other security tags on merchandise that are either deactivated or removed for reuse at the cash register.  Using a system involves training on how to handle shoplifters as well which increases awareness on what to look for and how to “service” potential thieves out of the store.

For more info on how to solve retail theft issues including employee theft and shoplifting problems visit: checkpoint security systems