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

Fashion firms struggle on speed to market

Fashion firms are continuing to wrestle with the challenges of taking decisions quickly and meeting deadlines – and admit they are struggling to speed their go-to-market processes to keep up with fast...

BLOG

Why cotton is being battered on all fronts

Cotton is being battered on all fronts, from false information campaigns, to competition from synthetic alternatives, and a changing consumer. The challenge now facing the cotton industry is how to re...

BLOG

New businesses shaking up a broken retail model

The convergence of disruptive new technologies, easy access to cheap capital, and changing consumer attitudes are shaking up an already-broken retail model, according to speakers at last week's IAF Wo...

BLOG

Apparel sourcing rules under NAFTA 2.0

The new United States-Mexico-Canada Agreement (USMCA) – also dubbed NAFTA 2.0 – has finally been agreed, but what does it mean for apparel sourcing? Here we take a close look at the new apparel-specif...

just-style homepage



Forgot your password?