Jack L. Hayes International, a leading loss prevention and inventory shrinkage control consulting firm, has released it latest Annual Retail Theft Survey. Key details are
- Participants: 25 large retail companies with 23,250 stores and over $700 billion in retail sales (2014).
- Apprehensions: 1,272,560 shoplifters and dishonest employees were apprehended in 2014, up 7.1% from 2013.
- Recovery Dollars: Over $225 million was recovered from apprehended shoplifters and dishonest employees in 2014, up 10.4% from 2013
- Shoplifter Apprehensions: 1,192,194 shoplifters were apprehended in 2014, up 7.4% from 2013.
- Shoplifter Recovery Dollars: Over $159 million was recovered from apprehended shoplifters in 2014, an increase of 7.5% from 2013. An additional $82.5 million was recovered from shoplifters where no apprehension was made, up a significant 15.2% from 2013.
- Employee Apprehensions: 80,366 dishonest employees were apprehended in 2014, up 1.7% from 2013.
- Employee Recovery Dollars: Over $66 million was recovered from employee apprehensions in 2014, up 18.1% from 2013.
- One in every 38 employees was apprehended for theft from their employer in 2014. (Based on over 3.0 million employees.)
- On a per case average, dishonest employees steal over 6 times the amount stolen by shoplifters ($825.36 vs $133.80).
Results from job applicant survey shows further worrying indicators
High Risk |
Low Risk |
|
| → I have frequently associated with fellow employees who admitted they were stealing merchandise from the company. | 18.4% | 5.4% |
| → I am not an honest person and might steal or cheat. | 9.3% | 1.7% |
| → I could be tempted to steal from my employer. | 26.7% | 7.8% |
| → I might help friends steal from my company. | 14.6% | 1.3% |
| → I have stolen money within the past 3 years. | 17.5% | 5.2% |
| → I have stolen merchandise within the past 3 years. | 15.9% | 4.5% |
| → I would possibly use marijuana/illegal drugs in the future. | 23.1% | 6.5% |
| → I have previously sold marijuana or other illegal drugs. | 4.3% | 0.9% |
We strongly suggest that retailers of all size, read this Annual Retail Theft Survey from Jack L. Hayes International.
Silverstar Analytics 