Blog: Shoplifters add to retail gloom

Joe Ayling | 19 October 2010

Already facing weak consumer spending, higher sourcing costs and an imminent rise in VAT, retailers in the UK were robbed of GBP4.4bn (US$6.9bn) by shoplifters last year, it has been reported.

It will be a depressing stat for high street bosses, with clothing, children's wear and lingerie making up the bulk of that figure.

Perhaps more disappointing is that theft by shop workers comprised a third of this figure, up 37% on the previous year.

The average haul per crime was GBP93, the BBC reported, showing that the effects of a recession can be far reaching, much like the CCTV stars below.

Shoplifting costs UK stores more than £4bn


BLOG

Bangladesh safety gaps still remain

As the apparel industry prepares to mark the fifth anniversary of the Rana Plaza factory building tragedy, a new report estimates it could cost US$1.2bn to complete remediation across Bangladesh's rea...

BLOG

Concern mounts over Trump's trade policies

Since President Donald Trump took office in January 2017, his administration has been busy fulfilling major campaign promises on trade policy – much to the concern of US fashion brands and apparel ret...

BLOG

Jeans makers eye innovation to regain market share

just-style’s latest weekly roundup begins with a look at how jeans makers are innovating and adapting to evolving consumer needs and the impact of athleisure with new fabric innovation and more sustai...

BLOG

Trump's tariffs threaten textile trade

With tariff discussions looming over the White House, just-style’s news and analysis last week was not surprisingly dominated by talk of a possible trade war....

just-style homepage



Forgot your password?