Protecting your Retail Asset During a Recession | Retail Times

By suzanne - October 8, 2009 - Published under: Retail News & Events

IT is a known fact that during times of hardship and a downturn in an economy, as opportunistic theft increases, our level of protection needs to be altered to meet this new level of risk.

Figures from the Central Statistics Office (www.cso.ie), show that in excess of 20,000 retail thefts were reported in 2008. These figures also show an alarming increase of over 5 % for Qtr 1 and Qtr 2 in 2009, against the same period in 2008. The cost of Shrinkage in Ireland for the same period equated to € 422 million which, is a shrinkage rate of 1.33 % of total sales.

The following are a number of simple procedures that you could put in place to help minimise the level of internal thefts.

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