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

  • Evolving Cybersecurity Strategies: Uniting Human Risk Management and Security Awareness Training

    Organizations are increasingly turning their attention to human-focused security approaches, as two out of three (68%) cybersecurity incidents involve people. Threat actors are shifting from targeting networks and systems to hacking humans via social engineering methods, living off human errors as their most prevalent attack vector. Whether manipulated or not, human cyber behavior is leveraged to gain backdoor access into systems. This mainly results from a lack of employee training and awareness about evolving attack techniques employed by malign actors. Read Now

  • Report: 1 in 3 Easily Exploitable Vulnerabilities Found on Cloud Assets

    CyCognito recently released new research highlighting critical security vulnerabilities across cloud-hosted assets, revealing that one in three easily exploitable vulnerabilities or misconfigurations are found on cloud assets. As organizations increasingly shift to multi-cloud strategies, the findings underscore significant security gaps that could provide attackers with potential footholds into networks. Read Now

  • Built for Today, Ready for Tomorrow

    Selecting the right VMS is critical for any organization that depends on video surveillance to ensure safety, security and operational efficiency. While many organizations focus on immediate needs such as budget and deployment size, let us review some of the long-term considerations that can significantly impact a VMS's utility and flexibility. Read Now

  • Paving the Way to Smart Buildings

    In today's rapidly evolving security landscape, the convergence of on-prem, edge and cloud technologies are critical. The physical security landscape is undergoing a profound transformation, driven by the rapid digitalization of buildings and the evolving needs of modern organizations. As the buildings sector pivots towards smart, AI and data-driven operations, the integration of both edge and cloud technology has become crucial. Read Now

  • The Cybersecurity Time Bomb

    If you work in physical security, you have probably seen it: a camera, access control system, or intrusion detection device installed years ago, humming along without a single update. It is a common scenario that security professionals have come to accept as "normal." But here is the reality: this mindset is actively putting organizations at risk. Read Now

New Products

  • Mobile Safe Shield

    Mobile Safe Shield

    SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame.

  • EasyGate SPT and SPD

    EasyGate SPT SPD

    Security solutions do not have to be ordinary, let alone unattractive. Having renewed their best-selling speed gates, Cominfo has once again demonstrated their Art of Security philosophy in practice — and confirmed their position as an industry-leading manufacturers of premium speed gates and turnstiles.

  • Camden CV-7600 High Security Card Readers

    Camden CV-7600 High Security Card Readers

    Camden Door Controls has relaunched its CV-7600 card readers in response to growing market demand for a more secure alternative to standard proximity credentials that can be easily cloned. CV-7600 readers support MIFARE DESFire EV1 & EV2 encryption technology credentials, making them virtually clone-proof and highly secure.