Christmas shop thefts 'to hit record 1bn

Christmas time shoplifting is likely to hit an all time high this year, according to new research.Sky Newsreported that experts are predicting that more than 1bn worth of goods will be lost from stores in the run-up to December 25.Figures from the Centre for Retail Research suggest that the damage will be done by light-fingered employees and those involved in supply chain fraud, as well as by shoplifters.An additional 61m worth of goods is expected to go missing during the season of goodwill in 2011, compared with the same period last year.Director of CRR and author of the study, Professor Joshua Bamfield, said, It shouldnt come as a surprise to the industry that shoplifting, employee theft and supply chain fraud were likely to increase during the festive period.After all, retailers are less rigorous in their controls at this time of year. However the implications should not be underestimated.
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