Comments on: FastTrack to Retail Failure – Shoplifting http://blog.toptenwholesale.com/fasttrack-to-retail-failure-shoplifting.htm Get the fresh buzz on wholesale, dropshipping, imorting and other important business topics Fri, 06 Nov 2009 21:06:25 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Marie http://blog.toptenwholesale.com/fasttrack-to-retail-failure-shoplifting.htm/comment-page-1#comment-721 Marie Mon, 01 Sep 2008 15:15:35 +0000 http://blog.toptenwholesale.com/fasttrack-to-retail-failure-shoplifting.htm#comment-721 Just to throw some grease into this Shoplifting Fat Fire ... :) About 6 months ago, I read "merchandise loss" figures for Big Box mega-store retailer Wal-Mart. What blew my circuits was the data trend showing higher loss levels from the FOOD aisles compared to losses from Sporting Goods and, even, Toys. The shoplifting opinions I read on all the above were: (a) Food theft is mainly an EMPLOYEE theft issue; and (b) Maybe The Big W-M isn't paying its "Sales Associates" enuf to feed their families. (Cue: Discussions on minimum wages and lack of health insurance for part-time workers). Bizarro, eh? And insider-theft is a much tougher nut to crack. Just to throw some grease into this Shoplifting Fat Fire … :)

About 6 months ago, I read “merchandise loss” figures for Big Box mega-store retailer Wal-Mart. What blew my circuits was the data trend showing higher loss levels from the FOOD aisles compared to losses from Sporting Goods and, even, Toys.

The shoplifting opinions I read on all the above were: (a) Food theft is mainly an EMPLOYEE theft issue; and (b) Maybe The Big W-M isn’t paying its “Sales Associates” enuf to feed their families. (Cue: Discussions on minimum wages and lack of health insurance for part-time workers).

Bizarro, eh? And insider-theft is a much tougher nut to crack.

]]> By: Jason Prescott http://blog.toptenwholesale.com/fasttrack-to-retail-failure-shoplifting.htm/comment-page-1#comment-720 Jason Prescott Sun, 31 Aug 2008 17:40:37 +0000 http://blog.toptenwholesale.com/fasttrack-to-retail-failure-shoplifting.htm#comment-720 unbelievable figures. I(t seems that the more we invest in anti-theft devices, the higher theft rates seem to go. Maybe we should try some good old school thinking and start trusting shoppers instead of encouraging them to beat the system and letting them know that "we" already don't trust them. unbelievable figures. I(t seems that the more we invest in anti-theft devices, the higher theft rates seem to go. Maybe we should try some good old school thinking and start trusting shoppers instead of encouraging them to beat the system and letting them know that “we” already don’t trust them.

]]> By: Robert Cyr http://blog.toptenwholesale.com/fasttrack-to-retail-failure-shoplifting.htm/comment-page-1#comment-719 Robert Cyr Sun, 31 Aug 2008 02:04:29 +0000 http://blog.toptenwholesale.com/fasttrack-to-retail-failure-shoplifting.htm#comment-719 Hey Jason, Sorry to say that from my research, this is a $10 Billion hit to the United States. Breaking it down further: It is estimated that shoplifting occurs 330 - 440 million times per year at a loss of $10 billion dollars and climbing. Nationwide, that equates to 1.0 - 1.2 million shoplift incidents everyday at a loss rate of $19,000 - $25,300 dollars stolen per minute Hey Jason,

Sorry to say that from my research, this is a $10 Billion hit to the United States.

Breaking it down further:

It is estimated that shoplifting occurs 330 – 440 million times per year at a loss of $10 billion dollars and climbing. Nationwide, that equates to 1.0 – 1.2 million shoplift incidents everyday at a loss rate of $19,000 – $25,300 dollars stolen per minute

]]> By: Jason Prescott http://blog.toptenwholesale.com/fasttrack-to-retail-failure-shoplifting.htm/comment-page-1#comment-718 Jason Prescott Sun, 31 Aug 2008 01:30:14 +0000 http://blog.toptenwholesale.com/fasttrack-to-retail-failure-shoplifting.htm#comment-718 Hey Robert--intriguing information. Is the $10billion loss from shoplifitng a USA figure or does that figure work into some international areas as well? Jason Hey Robert–intriguing information. Is the $10billion loss from shoplifitng a USA figure or does that figure work into some international areas as well?

Jason

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