What Store Theft Means to You

[pennypinch]

I work in a store and I can believe this one for sure. Store theft has jumped by 9% over the past year. I am sure a lot of that has to do with the economy. The thing is, who pays for all of that theft? Answer.. you and I.

On average, store theft costs average families $435.00 a year. The more theft there is, the higher stores mark up prices to make up the difference, the more you pay for goods. It's a cycle and we are on the losing end of it.

$42.2 billion dollars were lost by retailers because of shoplifters, employee theft and supply chain fraud.

In the year before, retail crimes had only rose 1.5%. Thats a huge jump.

It is a shocking increase and something that retailers need to get to grips with quickly," said Joshua Bamfield, author of the report, which identified top trends in retail crimes in 41 countries, including the United States, China, India, Europe, Japan and Australia.

CnnMoney

I hate to say it but we have been catching shop lifters left and right and I work in a little sleepy town. You just never know who you can trust anymore thats for sure.

[ClassyLady]

This is sad for people to think they have to steal anything, but I am afraid it will get a lot worse as the Christmas season approaches. People just do not have the money anymore and they get desperate. It is a sad state to be in.