Retail loss costs us all. Through the increased cost of loss passed on to consumers, the productivity impact of identifying, reporting and restocking items which are no longer on show (supply chain and store), the inherent danger of confronting potential theft offenders through to the cost of implementing protective and proactive measures in reducing loss.
It is estimated that in Australia alone, theft costs the retail sector over $7.5 billion annually. In addition to just theft, retail fraud is estimated to cost over $100m annually. This works out to be on average approximately $450 out of every household pocket. That money would be much better off in your own pocket.