UK retail theft rose in 2013 to highest level in nine years, with average value increasing 62% to £177/incident, indicating higher level of sophistication; direct cost of retail crime estimated at £511M in 2013, up 166% from 2008: BRC

LONDON , January 20, 2014 (press release) – This year's BRC Retail Crime Survey has revealed that UK retailers are fighting a rising tide of theft in store. Last year saw the highest level of theft for nine years, and the average value of theft increased by 62% to £177 per incident, indicating that stealing is becoming more sophisticated and well planned.

Criminal activity by a very small minority is having an impact on businesses, employees and the vast majority of honest shoppers. Despite retailers investing an average of £2m each in crime and loss prevention, they need help and support. Police and Crime Commissioners should follow the lead set in London and work with retailers to build dedicated business crime strategies to help defeat this growing problem.

Helen Dickinson, Director General of the British Retail Consortium, said: "Theft from stores pushed the direct cost of retail crime up to £511m last year, 166 per cent higher than five years ago. Far from being victimless, we all pay for this increased stealing through higher prices and, increasingly, shop closures and damage to town centres as safety is reduced and communities are blighted.

"Last year we also saw a dramatic increase in fraud and e-crime with eight in ten retailers reporting a rise in fraud and the majority of retailers telling us that cyber-attacks pose a critical threat to their business. Combined with the increase in organised theft, this means that retailers are facing an increasingly sophisticated criminal.

"We want to work closely with Police and Crime Commissioners and the new National Crime Agency and National Cyber Crime Unit to fight this serious crime, from fraud, to theft, to cyber-attacks. Our engagement has been positive so far, but it is still early days and it is important that they implement measures such as single points of contact and create dedicated business crime strategies."

The BRC survey recommends that there should be a single, national, definition for business crime in the UK to help measure and solve these problems. Police forces should routinely publish business crime data, share that with retailers and work in partnership to combat crime.

In partnership, retailers, Police and government can build on the introduction of the National Crime Agency and National Cyber Crime Unit to help retailers combat this growing problem. These changes will not only fight crime, but also boost confidence and help to tackle the underreporting problem that led to only one in ten thefts being reported last year.

Other key findings

- It is estimated there were 2.7m offences in 2012-13 against retailers, directly adding £511m to retailers' costs.

- Robberies were up 48%, but burglaries fell by 49% compared to last year. Despite the number of burglaries falling, the cost of each incident rose from £1,730 to £2,067.

- The average cost per incident of criminal damage jumped by 114% in 2012-13, from £962 to £2,062.
- See more at: http://www.brc.org.uk/brc_news_detail.asp?id=2568#sthash.yJ5quN0n.dpuf

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.