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

Higher worker wages – who pays?

There continues to be a disconnect between buying departments and compliance teams when it comes to costing labour in price negotiations. So who should pay for a minimum wage increase?...

BLOG

Trump tariff dispute rumbles on

The US has escalated its trade threats to China after President Donald Trump said he is considering tariffs on an additional $200bn of Chinese goods if China "refuses to change its practices."...

BLOG

Trump spares textile machinery in tariff spat

Hundreds of US imports from China will be hit with an additional 25% tariff from next month – but to the relief of the US textile, apparel and footwear industry, most of the equipment used in the dome...

BLOG

Esquel's eco-friendly manufacturing complex

Hong Kong-based Esquel Group, the world's largest woven shirt maker, has been bedding-in operations at a ground-breaking new $313.3m eco-friendly manufacturing complex in southern China....

just-style homepage



Forgot your password?