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Retailers warned over shoplifting surge

07 July, 2009

Independent retailers have reported an increase in the level of shoplifting due to the recession. Many have also seen worrying rises in break-ins and credit-card fraud. According to online insurance comparator simplybusiness.co.uk, almost half of retailers (47%) said they had experienced an increase in shoplifting

 

since the start of the recession, and 26% had seen a rise in the number of break-ins. Theft by staff had also escalated, with 24% of retailers suffering a rise in “in-house” crime.

Meanwhile, 31% reported a surge in credit card fraud.

Tony Deacon, managing director at simplybusiness.co.uk, said: “Retailers are suffering already as a result of higher stock prices, a drop in consumer spending and tightening of credit. This rise in recession-related crime is heaping more misery on the beleaguered SMEs.

“Nearly half of all retailers in the UK have experienced an upsurge in theft and this is having a major impact on their ability to remain profitable and remain in business.”