Skip to content
Search

Latest Stories

Shoplifting surge costs retailers record £2.2bn

Retail violence and abuse increased over 50 per cent to more than 2,000 incidents a day

Shoplifting surge costs retailers record £2.2bn

In the 12 months to September 1, 2024, a total of 45,000 cases involving violence or abuse were recorded (Photo: iStock)

SHOPLIFTING across the UK has spiked in recent months costing stores a record £2.2 billion ($2.7bn) in losses, a leading retail organisation warned.

"Retail crime is spiralling out of control," the British Retail Consortium said in its latest annual report, adding that thieves were also becoming more violent towards staff.


Cases of "retail violence and abuse increased over 50 per cent to more than 2,000 incidents a day".

In the 12 months to September 1, 2024, a total of 45,000 cases involving violence or abuse were recorded in UK stores, out of which 25,000 involved weapons.

"Shopworkers are often in a vulnerable situation, facing intimidation from someone potentially carrying a weapon and possibly under the influence of alcohol or drugs," the report said.

Chris Brook-Carter, head of the Retail Trust, said that "almost half of the retail workers we've surveyed told us they currently fear for their safety."

"Nearly two thirds are stressed and anxious going to work due to this unacceptable level of retail crime," he added.

The total cost of retail crime including crime prevention has now reached "a colossal £4.2bn, of which £2.2bn is a direct result of customer theft", the report added.

"A lack of police action" over the years "has given these criminals a licence to steal, and a green light for aggression," said Helen Dickinson, head of the consortium.

Two main factors were also blamed for the rise in shoplifting: rising food prices and the spread of automated checkouts.

(AFP)

More For You

UK-Jobs-iStock
People commuting on the London Bridge. (Photo credit: iStock)
iStock

UK job market slows before business tax increases

THE UK saw a drop in the number of payrolled workers and job vacancies in the lead-up to business tax hikes and US tariffs, according to official data released Tuesday.

Preliminary estimates from the Office for National Statistics (ONS) showed a fall of 78,000 in payrolled employees in March compared to February. In February, the number had dropped by 8,000 from the previous month.

Keep ReadingShow less
Mehul Choksi

Choksi, accused in a bank fraud case in India, has been arrested in Belgium and plans to appeal for release, citing medical grounds. (Photo: Getty Images)

Arrest of Mehul Choksi in Belgium Marks Major Break in £1.52bn Scam

Indian jeweller Mehul Choksi arrested in Belgium in £1.52bn bank fraud case

FUGITIVE Indian jeweller Mehul Choksi has been arrested in Belgium and will file an appeal for release, his lawyer told Reuters on Monday. Choksi is accused of involvement in one of India’s biggest bank fraud cases, which came to light seven years ago.

A source from India’s Enforcement Directorate (ED) told Reuters that the Indian government had sent an extradition request for Choksi before the arrest.

Keep ReadingShow less
Jonathan-Reynolds-Getty

'Free and open trade grows economies, lowers prices and helps businesses to sell to the world, which is why we're cutting tariffs on a range of products,' said business and trade secretary Jonathan Reynolds.

Government reduces tariffs on food and everyday products

THE UK government has announced temporary cuts to import tariffs on nearly 90 products, including items such as pasta, fruit juices and spices. The move is aimed at reducing prices for businesses and boosting economic growth.

The Department for Business and Trade (DBT) said the UK Global Tariff will be suspended on 89 products until July 2027. The changes are expected to save UK businesses around GBP 17 million a year.

Keep ReadingShow less
british-steel-iStock
An aerial view of Steel Plant Industry in Scunthorpe. (Photo: iStock)

Government takes control of British Steel under emergency law

THE UK government has taken control of British Steel after passing emergency legislation to stop the closure of the country’s last factory capable of producing steel from raw materials.

The plant, owned by Chinese company Jingye, was facing imminent shutdown. Prime minister Keir Starmer said the government "stepped in to save British Steel" to prevent its blast furnaces from going out.

Keep ReadingShow less