Minimise theft

1
Minimise theft

• Why is it important to me?

2
The hidden costs of shop stealing

• Higher costs of items so consumers pay more
• Added burden on police and courts
• Inconvenience of security measures in stores
• The added concern about crime and public safety
• Communities as a whole suffer when a business
  fails

3
Why is loss prevention so important?

• A 2 to 3 percent loss of sales due to shop
  stealing can amount to a 25 loss in profit
• It is estimated that shop theft in Australia
  amounts to 1.5 billion a year

4
Why is shop stealing on the increase?

• Economic and social reasons such as unemployment
  may contribute to shop stealing
• The increase of self-service and low-service
  retail encourages theft
• It is psychologically easier to steal from a
  retail shop than from a person. Shop stealing is
  often seen as a victimless crime
• Merchandising for impulse buying encourages theft

5
Shoplifting to shop stealing a change of
name. WHY??

• There is generally a high level of tolerance by
  the general community towards stealing, and
  retailers as an industry are trying to raise the
  awareness of the severity of the crime and its
  impact on society
• The word stealing is a stronger word,
  associated with a crime, whereas shoplifting
  reinforces the public perception of a
  misdemeanour

6
So why should I care?

• If 25 of the stock is stolen from stores each
  year, imagine what this would mean if you could
  add that same amount to your salary
• Lets see..
• 500 per week equals 10 to 25 per week extra,
  or 520 to 1300 per year

7
What can I do?

• Provide good customer service. It is harder to
  steal if the customer service is good
• Be aware of what is happening
• Practise good housekeeping
• Be conscientious and do your job properly at all
  times