Survey: Shoplifters, Dishonest Employees Apprehended In Record Numbers By Retailers In 2008

Shoplifters and dishonest employees stole more than $6.0 billion in 2008 from just 22 major retailers, according to the 21st Annual Retail Theft Survey conducted by Jack L. Hayes International, the leading loss prevention and inventory shrinkage control consulting firm. These 22 surveyed retailers apprehended a record 904,226 shoplifters and dishonest employees in 2008 and recovered more than $182 million from these thieves.

“For the third consecutive year, both the apprehensions and recovery dollars from shoplifters and dishonest employees rose; up 7.26 percent and 21.64 percent respectively,” said Mark R. Doyle, president of Jack L. Hayes International. “While shoplifter and dishonest employee apprehensions increased 7.65 percent and 3.01 percent respectively, the increase in recovery dollars from these apprehensions was up an amazing 30.24 percent for shoplifting and almost 10 percent for dishonest employees. It should also be noted that employee theft apprehensions and recovery dollars increased for the fifth straight year.

“With the downturn in the economy, we have seen an increase in theft, which is having a detrimental impact on retailers’ bottom-line profits. These theft losses drive consumer prices higher and can force unprofitable stores to close.”

Highlights from this highly anticipated annual theft survey include:

  • Participants: 22 large retail companies with 19,151 stores and over $570 billion in retail sales (2008).
  • Apprehensions: 904,226 shoplifters and dishonest employees were apprehended in 2008, up 7.26 percent from 2007.
  • Recovery Dollars: More than $182 million was recovered from apprehended shoplifters and dishonest employees in 2008, up 21.64 percent from 2007.
  • Shoplifter Apprehensions: 832,106 shoplifters were apprehended in 2008, up 7.65 percent from 2007.
  • Shoplifter Recovery Dollars: More than $113 million was recovered from apprehended shoplifters in 2008, an amazing 30.24 percent increase from 2007.
  • Employee Apprehensions: 72,120 dishonest employees were apprehended in 2008, up 3.01 percent from 2007.
  • Employee Recovery Dollars: More than $69.8 million was recovered from employee apprehensions in 2008, up 9.9 percent from 2007.
  • One in every 30 employees was apprehended for theft from their employer in 2008. (Based on over 2.1 million employees.)

Featured

  • From Surveillance to Intelligence

    Years ago, it would have been significantly more expensive to run an analytic like that — requiring a custom-built solution with burdensome infrastructure demands — but modern edge devices have made it accessible to everyone. It also saves time, which is a critical factor if a missing child is involved. Video compression technology has played a critical role as well. Over the years, significant advancements have been made in video coding standards — including H.263, MPEG formats, and H.264—alongside compression optimization technologies developed by IP video manufacturers to improve efficiency without sacrificing quality. The open-source AV1 codec developed by the Alliance for Open Media—a consortium including Google, Netflix, Microsoft, Amazon and others — is already the preferred decoder for cloud-based applications, and is quickly becoming the standard for video compression of all types. Read Now

  • Cost: Reactive vs. Proactive Security

    Security breaches often happen despite the availability of tools to prevent them. To combat this problem, the industry is shifting from reactive correction to proactive protection. This article will examine why so many security leaders have realized they must “lead before the breach” – not after. Read Now

  • Achieving Clear Audio

    In today’s ever-changing world of security and risk management, effective communication via an intercom and door entry communication system is a critical communication tool to keep a facility’s staff, visitors and vendors safe. Read Now

  • Beyond Apps: Access Control for Today’s Residents

    The modern resident lives in an app-saturated world. From banking to grocery delivery, fitness tracking to ridesharing, nearly every service demands another download. But when it comes to accessing the place you live, most people do not want to clutter their phone with yet another app, especially if its only purpose is to open a door. Read Now

  • Survey: 48 Percent of Worshippers Feel Less Safe Attending In-Person Services

    Almost half (48%) of those who attend religious services say they feel less safe attending in-person due to rising acts of violence at places of worship. In fact, 39% report these safety concerns have led them to change how often they attend in-person services, according to new research from Verkada conducted online by The Harris Poll among 1,123 U.S. adults who attend a religious service or event at least once a month. Read Now

New Products

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening.

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises.