“Running Away from Facts? Beware of a Potential Shoplifting Surge!

As the economic downturn takes its toll, shoplifting is a real concern for retailers. While the fear of a drastic surge in shoplifting has been widely discussed, the actual facts point to only a very modest increase. Understanding shoplifting facts can help retailers prepare and respond more effectively to a potential issue. The National Retail Security survey shows shoplifting and employee theft losses have been on a steady downward trend over the past 7 years, decreasing by 1.4 % from 2017 to 2018. There’s been speculation that online retail shopping, as well as an increase in unemployment, could result in a surge in shoplifting. However, it’s important to note that this is not the case. In fact, some research suggests that those unemployed due to the economic downturn are more likely to shoplifter out of necessity rather than as a recreational activity. Additionally, research indicates that shoplifting and employee theft is actually decreasing in brick and mortar stores due to the increased security measures that have been put in place. What’s more, the increase in online shopping means there are fewer people in physical stores, hence creating less of an opportunity for shoplifting. As such, it’s important to look beyond the fears of a shoplifting surge and focus instead on the actual facts. In order to deter shoplifting, retailers should take a proactive stance and take preventative steps such as following up with customers through an online presence and implementing enhanced security measures. Additionally, it’s key to have a clear shoplifting policy in place to ensure consequences are understood and adhered to. By understanding the facts and taking the necessary steps to deter shoplifting, retailers can rest assured that they’re taking proactive steps to protect their businesses from the threat of shoplifting.