Retail Theft Reaches $115 Billion Worldwide

January 2010
Security: Solutions for Enterprise Security Leaders;Jan2010, Vol. 47 Issue 1, p14
Trade Publication
The article reports on the study regarding worldwide retail crime, wherein almost 115 billion dollars are losing from retailers according to the Global Retail Theft Barometer. Professor Joshua Bamfield, director of the Centre for Retail Research says that retailers assign an increase in shoplifting to the economic recession. Furthermore, the study found out that the security spending has decreased specially on security equipment such as security video and electronic article surveillance (EAS).


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