Retail Theft Losses Worldwide

Between June 2010 and June 2011, the global retail industry lost $119 Billion to shoplifting , employee theft, and organized crime groups targeting retail stores. The losses were up 6.6 percent from the previous year, and represented 1. 45 percent of all total retail sales.

Employee theft and fraud consisted of 35 percent of the losses, and shop lifting and organized retail crime groups accounting for 43.2 percent of the losses.

In the United States alone, up to $30 Billion is estimated to be lost to organized retail theft.

Source: Brad Dorfman, “Global retail theft up 6.6 percent in latest year,” Reuters, October 18, 2011.