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February 4, 2011

Losses From Retail Theft Infographics

SHOPLIFTING (which here includes theft by employees and accounting errors) cost retailers around the world $107.3 billion this year. This was 5.6% less than last year, but still the equivalent of 1.36% of global retail sales. Thieves had a particular penchant for goods with a high resale value such as leather jackets, branded accessories and high-end fashion, and goods for which there is continuous demand such as razor blades, cigarettes and formula milk for babies. For retailers in Europe the cost of shoplifting was higher than staff theft while in America retailers suffered more at their own workers' hands.India takes the not so coveted  number one spot(