Survey: Retail Theft Jumps
Theft from shoplifters and employees reached $6 billion in 2008 from 22 major retailers, the third consecutive gain, as more than 900,000 shoplifters were caught during the year. That's according to a survey released this week by consulting firm Jack L. Hayes International.
This survey, of 22 retailers with a total of 19,151 stores, found that theft has increased with the down economy.
"For the 3rd consecutive year, both the apprehensions and recovery dollars from shoplifters and dishonest employees rose; up 7.26% and 21.64% respectively," the firm's president, Mark R. Doyle, said as part of the announcement.